Golf Club Files for Bankruptcy
Posted on Dec 10, 2013 4:30pm PST
Edgemont Golf Club in Delaware has reportedly filed for Chapter 11 bankruptcy. According to reports, the business cited a stagnant economy for falling revenues. It is reported that the business owes more than $2.2 million to PNC Bank in the form of a line credit and two mortgages. It also reportedly owes $266,000 in unpaid real estate taxes.
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