Yellowstone Club Founder Dodges Bankruptcy Petition

Law360, New York (May 19, 2011, 5:44 PM EDT) -- A Nevada bankruptcy judge on Wednesday tossed the state of Montana's involuntary bankruptcy petition against the co-founder of bankrupt Yellowstone Mountain Club LLC, who lives in Washington state.

U.S. District Judge Bruce A. Markell said in a bench ruling that Nevada was an improper venue for the tax dispute, according to attorneys involved in the case.

"Montana never should have tried to force a private citizen into bankruptcy in an attempt to collect a tax bill that is in dispute," club founder Timothy L. Blixseth said...
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