Country Club Files for Bankruptcy
Posted on Sep 6, 2011 8:50pm PDT
The exclusive country club Spanish Trail Country Club has reportedly filed for Chapter 11 bankruptcy reorganization. According to reports, the Las Vegas country club is trying to block efforts by a lender to take over and foreclose on the property. The country club has recently defaulted on a loan. Assets have reportedly been listed in the $1 million to $10 million range while liabilities are at more than $10 million.
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