AP NEWS
Click to copy
Click to copy
Related topics

Hermitage Club assets to be sold under Chapter 7 bankruptcy

July 31, 2019

BURLINGTON, Vt. (AP) — The assets of a now-closed private ski area in Vermont will be sold after going through bankruptcy proceedings.

A judge also ordered the appointment of a trustee to oversee the sale process of the Hermitage Club.

Tim Treanor, part of a committee of club members, tells The Brattleboro Reformer that if no funds are provided for the sale process, then Berkshire Bank will be allowed to continue with foreclosure and take possession of certain assets.

Treanor said previously that members want a quick sale so the ski resort could be reopened in time for winter.

Founder Jim Barnes had hoped the initial filings would allow for reorganization.

The resort is at Haystack Mountain in Wilmington.

___

Information from: Brattleboro Reformer, http://www.reformer.com/

All contents © copyright 2019 The Associated Press. All rights reserved.