REDMOND, Wash. -- A major Northwest-based company -- with an ad campaign that nearly everyone recognizes -- has filed for bankruptcy.

The Olympic Boat Centers, whose slogan is "We’ll make a boat nut out of you!" has filed for chapter 11 bankruptcy in a court in the Central District of California this week.

The company, headquartered in Redmond, has 21 West Coast locations from British Columbia to San Diego. According to court documents, it owes as much as $100 million to its creditors.

The company has been in business for more than 50 years, and its Web site says that it's the world's largest seller of Bayliners, Meridians, Trophy Boats and others.

Many of those boating big-names, as well as hundreds of other companies and individuals, are listed as creditors to whom Olympic Boat Centers owes the money, the documents state.

One of the creditors is Brunswick, the parent company of Bayliner boats, made in Arlington, Wash.

A Brunswick company representative confirmed the filing and said it's not expected to affect jobs at the Arlington location.

He said, “We will continue to sell boats and work through this."

KIRO 7 has put in calls to the headquarters of Olympic Boat Centers, to the company’s attorney and to a spokesperson who is handling the issue. No phone calls have been returned.

It’s unknown if any stores will close or if any employees will lose their jobs.