Flagship Resort Development Corporation

  1. September 12, 2025

    Atlantic City Timeshare Defends Releases In Ch. 11

    Flagship Development Group, an insolvent timeshare business in Atlantic City, asked a New Jersey bankruptcy judge Friday to approve its Chapter 11 plan and lender settlement, arguing that its third-party releases were necessary to obtain $40 million worth of debt forgiveness.

  2. August 08, 2025

    Atlantic City Timeshare Seller Gets Ch. 11 Sale Approved

    Flagship Resort Development Corp., a seller of timeshares around the Atlantic City Boardwalk, secured a New Jersey bankruptcy judge's blessing Friday to sell its assets and take votes on a Chapter 11 liquidation plan after striking a settlement with unsecured creditors in the case.

  3. July 31, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    The U.S. Trustee's Office objected to the disclosure statement filed by Flagship Resort Development Corp., arguing it lacks details on third-party releases in its Chapter 11 liquidation plan. Guardian Elder Care's creditors committee opposed extending the company's exclusivity to file a Chapter 11 plan. Nikola Corp. asked to subordinate the SEC's $125 million penalty, calling it a lower-priority debt.

  4. May 14, 2025

    Atlantic City Timeshare Seller Can Draw Ch. 11 Financing

    A New Jersey bankruptcy judge on Wednesday agreed to grant interim approval for debtor-in-possession financing to Flagship Resort Development Corp., a seller of timeshares around the Atlantic City Boardwalk, as the company moves toward a sale.

  5. May 13, 2025

    Catching Up With New Bankruptcy Case Action

    Weight loss business WeightWatchers entered Chapter 11 in Delaware, as did medical technology company Accelerate Diagnostics Inc. and California-based biotechnology company Synthego Corp. Here are the week's new bankruptcy cases.