South Florida Gambling Boat files bankruptcy. It seems unlikely to many that a gambling boat could lose money. That is exactly what has taken place. A local boat had to see a bankruptcy lawyer for help. It was the only way to survive. The boat’s owner is confident it can thrive thanks to the bankruptcy filing. The Island Breeze II is a casino boat in Palm Beach County. It gives day gambling cruises out of the Port of Palm Beach. The boat ran into problems. The boat was forced to shutdown this summer for a long time. The shutdown was caused due to mechanical issues on the boat. The problems had to be fixed before the boat could sail. The boat also faces a lot of gambling competition. Casinos have expanded rapidly in South Florida. Several gambling boats have already gone out of business. It used to be you could only gamble on boats in Florida. Not anymore. The problems became too much for the Island Breeze II. The boat could no longer pay its creditors. There was no other choice. Bankruptcy attorneys were needed to step in and save this Palm Beach boat. The boat has filed a Chapter 11 bankruptcy. The filing has caused 250 employees to be laid off on a temporary basis. The bankruptcy filing was caused in large part to disputed $11.6 million claim from a slot machine vendor. The vendor leased equipment to the boat. The owner is confident the bankruptcy will allow the boat to reopen in January of next year. Bankruptcy lawyers have their work cut out for them. The boat’s survival depends on a successful bankruptcy case. The jobs of the workers are also on the line. That is why it is important to get the counsel of an experienced bankruptcy lawyer. It is best to seek the best when your finances are turned upside down. A bankruptcy attorney with experience could be the key to turning everything around.