Life at Sea Cruises has filed for chapter 7 bankruptcy in Florida, resulting in the collapse of their planned three-year residential world cruise start-up.
The company failed to take delivery of a ship, leading to financial difficulties and ultimately the bankruptcy filing.
It is unclear the exact amount of debt left behind by Life at Sea, but sources indicate that there are significant amounts owed to suppliers and guests.
The bankruptcy filing indicates that there are between 1 and 49 creditors, with assets and liabilities estimated to be under $50,000.
