Stanwood Marine, LLC officially initiated bankruptcy on September 8, 2026. Court records do not specify the reasons that could have resulted in the filing. The Washington-based company provides boat repair and maintenance services.
Note: A Chapter 11 bankruptcy filing is a legal process that allows a business to reorganize its debts, restructure obligations, and continue operating while working toward financial stability. Under Chapter 11, a debtor typically proposes a plan to repay creditors over time, subject to court approval. A Chapter 11 filing does not necessarily mean a business is closing or going out of business. For additional information, readers are encouraged to contact the business directly.
Stanwood Marine, LLC Files for Chapter 11
Court records, as available on the PACER database, show that the company submitted its petition on September 8, 2026. The records classify Stanwood Marine, LLC as a small business debtor, adding that it has decided to pursue the bankruptcy using Subchapter V.
This provision generally allows small businesses to complete their case requirements in a streamlined manner at lower costs and a faster pace.
Attorney Thomas D. Neeleman of Neeleman Law Group, P.C. is representing the company in this case.
Case Related Details
According to the company’s summary of assets and liabilities, its estimated liabilities exceed its estimated assets. The document shows that while the company’s assets are approximately $101,641, its liabilities are $345,400.
The company further submitted a list of creditors with the largest unsecured claims, most of which are disputed. Some of these creditors are Cat Financial, Oakmont Capital, Ford Motor Credit, and others.
The filing records indicate that funds will be available for distribution to the unsecured creditors.
The company’s document filings also include a statement of financial affairs, which mentions Brady Elvrom as the 10% Managing Member and Stacy Elvrom as the 90% Member, respectively.
A summary of the Chapter 11 petition is shared here:
- Filing Date: September 8, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Western District of Washington
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-12935-CMA
- Estimated Assets: Between $50,001 and $100,000
- Estimated Liabilities: Between $500,001 and $1 million
- Estimated Creditors: 1-49
About the Company
Stanwood Marine operates as a family-owned marine service business, which serves boat owners in the Stanwood and Camano area. Since 2006, the company has provided a range of services, including boat maintenance, supplies, repairs, repowering, and full rebuilds.
The company’s website shows that it has also offered specialized offerings related to boat trailer repair and maintenance. These include wheel-bearing repacking, trailer-bunk and roller replacement, wiring, and brake and axle work. The company offers welding and fabrication for boat, auto, and horse trailers and maintains a selection of trailer parts.
