The filing comes after the resort announced Monday in a letter
to members that it had closed and laid off all its employees. The
letter mentioned the company might file for bankruptcy, citing a
troubled real estate market and substantial operating losses.
Spanish Peaks has had a history of legal and financial troubles
and is involved in numerous lawsuits.
On the bankruptcy filing form, the company checked that it had
between 100 and 199 creditors. Many of them are local entities,
including Big Sky County Water, Big Sky Publishing, Big Sky Resort
Area District, Big Sky Resort, Billion Auto Body, High Country
Paving, Kleen King, the Gallatin County treasurer, Montana Opticom,
Walker Excavation and more.
Spanish Peaks estimated it has $10,000,001 to $50 million in
assets and $100,000,001 to $500 million in estimated
liabilities.
A Chapter 7 bankruptcy puts a hold on debt collections that, in
most cases, prevents creditors from initiating or continuing
lawsuits or wage garnishments, or even making telephone calls
demanding payments, according to a federal government website.
Buying Property In Spain - Living The Spanish Lifestyle In Your ...
Waking up to another warm day, sipping coffee outside on the sunlit terrace overlooking the sea, and musing on the prospect of spending the day playing 18 holes on a championship golf course - these are some of the pleasant realities of the Spanish lifestyle. Add to this fine wine, great food and a vibrant culture and you understand why living in Spain is so appealing. Holidays in Spain are wonderful, but if you've decided the Spanish lifestyle is for you permanently, you'll want to look into acquiring your own Spain property. Here are some tips of buying your home in Spain. When investing in Spain property, the first thing you have to do is to define your needs. You'll have to decide which part of the country you want to live in. This will probably be based on your past experiences and you may well have a particular location in mind. You just need to be sure about matters such as transport and accessibility. Living somewhere is different from being on holiday so you need to be sure you can get around conveniently. You'll have to choose between the charm and quiet of the countryside and the glamour of the cities. Then there's the matter of size. You can buy Spanish property ranging from a tiny apartment to a grand villa. This will depend on your needs and number of people living there and, of course, your budget. An important point to remember is that of security. An unattended villa is very tempting to a burglar. And don't forget that homes require maintenance and this can be tricky in a place where you can't speak the local language. Another factor you'll have to consider is infrastructure you need to have in your area. This includes such places as hospitals, schools, shopping, and various leisure activities. For example, if you're an avid golfer, you'll want to be sure you're not far from a favourite golf course. If you have children, you need to consider the matter of their education. If you're looking to discover the real Spain, check out Costa Almera. This area...
Expats' exodus as Brits give up on la dolce vitaIt had been nearly two decades since Farrand drove the 1200 miles from Oldham to Livorno in a battered Volkswagen Golf, fell in love with Italy,
By LINKS Magazine Sitting in a lush valley at the base of four mountain ranges, the city has a rich history written by Native Americans, Spanish explorers
For those who haven't visited the property in awhile, if ever previously, know that some significant changes were made to the golf course a few years back, and more »
Guests can make their way to the Four Seasons Aviara Golf Club's two-story Spanish colonial clubhouse, then play the par-72, 7008-yard golf course that and more »
Overseas Property and Investment News - Feb 12, 2010
"This year, Algarve property is expected to continue to rise steadily, enticing the traditional Spanish villa investor to turn to the country's neighbour