Fastboats.com Sales Company, LLC has officially commenced bankruptcy proceedings. Case records show that the company is currently doing business as FB Marine Group, which is a boat dealership and marine services provider.
The company currently faces financial strain, reflected through a gap between its assets and liabilities alongside unsecured creditor claims and declining revenue.
Overview of the Filing
Fastboats.com Sales Company, LLC voluntarily submitted a Chapter 11 petition on August 5, 2026. Court records classify the company as a small business debtor and indicate it elected to proceed under Subchapter V.
Such a provision typically allows small businesses to complete their bankruptcy requirements in a faster and more efficient manner than traditional cases.
Kim A. Sweers is the authorized representative who signed the petition prior to filing. Attorney Jason E. Slatkin of Lorium Law is offering legal representation to the company.
About the Company
Fastboats.com Sales Company, LLC is currently operating under the business name FB Marine Group, which is a Fort Lauderdale-based company. The boat dealer and marine service provider offers new and pre-owned boat sales, charter services, financing, yacht brokerage, and vessel management.
The family-owned business also operates as a full-service marine dealership. It offers maintenance, custom rigging, engine repairs, fiberglass work, repowers, mobile dockside service, and replacement parts for recreational boat owners. Its website shows that the company represents brands including Contender and IKon and is a certified dealer for Mercury Marine, Yamaha, and Suzuki.
In addition to its retail operations, FB Marine Group serves local, state, and federal government agencies. Services comprise the supply of boats, engines, maintenance, and repair activities. The company has also worked for television, film, and commercial productions with marine equipment and services.
Highlights from the Petition
Court records on PACER include a summary of the company’s assets and liabilities. According to it, while the company’s assets are approximately $1.72 million, its liabilities are more than $2.59 million.
The filings also include a list of the company’s largest unsecured creditors. Some of these creditors are Brock Vernon, Daniel Shamoon, Yamaha Motors, Mercury Marine, and American Express.
Court filings indicate that funds will be available for distribution to the unsecured creditors.
The company’s changes in gross revenue for the last two years were shown through the financial affairs statement. While the revenue was over $18 million in 2024, it dropped to approximately $15 million the next year. As of 2026 (till the filing date), the gross revenue is over $10 million.
The list of equity security holders shows that Kim Sweers has a 51% ownership interest in the company. At the same time, Randall A. Sweers and Chase A. Sweers have 44% and 5% ownership in the company, respectively.
A summary of the Chapter 11 petition is shared here:
- Filing Date: August 5, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Southern District of Florida
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-20393-CAP
- Estimated Assets: Between $1,000,001 and $10 million
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: 1-49
- Reason for Filing: Reorganize finances under court supervision
The recent filing is expected to allow Fastboats.com Sales Company, LLC to reorganize its financial obligations while continuing operations under court supervision.
