Florida cruise company Commodore Holdings Ltd. is the latest cruise company to succumb to the crunch from a financial crisis, as it filed for Chapter 11 bankruptcy reorganization in late December and immediately was forced to suspend operation of its three ships. The Hollywood, Fla.-based company said it was unable to negotiate an agreement with its mortgage lenders in time to avoid canceling cruises aboard its ships the Enchanted Capri and the Enchanted Isle which sail out of New Orleans and the Crown Dynasty which sails out of Aruba. "We deeply regret having to take this action, but we had no other choice," Commodore CEO Fred Mayer said in a news release.