Spanish Peaks Resort To Be Sold In Bankruptcy

Law360, New York (October 17, 2011, 5:39 PM EDT) -- Owners of the 5,700-acre club at Spanish Peaks resort in Montana put the property on the auction block Friday as part of an effort to liquidate via its Chapter 7 bankruptcy, just days after shutting down operations and laying off staff.

Spanish Peaks Holdings II LLC listed assets of up to $50 million and debts as high as $500 million in its bankruptcy filing in Delaware. Thomas J. Francella of Whiteford Taylor & Preston LLP, an attorney for the company, declined to comment Monday.

The private...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.