Tag: bankruptcy

Friar Tuck Resort Shutting Down Amidst Bankruptcy

Timeshare owners around the country might have heard about Friar Tuck filing for Chapter 11 bankruptcy and continued to follow the story, which recently had a new development when Friar Tuck turned over a portion of its business too Ulster Savings Bank of Kingston. Problems began to surface in the summer of 2009 when Friar […]

Celebrity Resorts Files For Chapter 11

Unfortunately there will always be victims when there is a recession in the world economy for an extended period of time, in this industry we have been lucky as not too many companies have had to file for bankruptcy. Celebrity Resorts announced earlier this month they will voluntarily be filing for Chapter 11 bankruptcy. I […]

Consolidated Resorts Files For Chapter 11

Another business has fallen victim to the current recession being experienced in the United States, many other business sectors have felt the impact long before the timeshare industry, however earlier this week Consolidated Resorts announced that it will be filing for Chapter 11 bankruptcy. Consolidated Resorts was a vacation ownership company which manages 14 different […]