Hawaii Superferry files Chapter 11 - Pacific Business News (Honolulu):

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The company, and its parent, , filerd petitions on Saturday in U.S. Bankruptcy Court in Delaware, listing a totapl of between $100 million and $500 million in assets and betweejn $100 million and $500 million in Hawaii Superferry, which halted highspeed interisland ferry servicrin March, had faced a Saturdayg deadline for making an interestg payment of $2.9 million on $68.7 million in bond financing. The company had $1 million in cash, accordingt to court documents.
The state of Hawaii was listed as the largesyt of 30 namedunsecured creditors, although it was noted that the amount — $731,080 for minimum annual guarantee, fees and revocablse permit, — was The company listed another $948,159 owed to Hawaii companies and including $202,000 owed to , Inc., for workers compensatiohn insurance; $182,198 to & affiliates, for food and beveragre and gift shop services, and $156272 to three units of for advertising, publif relations and market researcuh services.
Superferry shutdown its service betweej Honolulu and Kahului days after a March 16 ruling bythe state'sz high court that said a state law exempting Superferry from an environmentall impact statement was unconstitutional. The company let 236 employeesa go in the The ferry Alakai has sincer returnedto Mobile, Ala., along with a sister the Huakai.