Tuesday, January 10, 2012

Tartan Fields in receivership - San Antonio Business Journal:

iwegasely.wordpress.com
Columbus lawyer A.C. Strip, who’s representing Columbus-basesd receiver Martin Management Services, said GE Capital filed to put the golf club into receivership on Friday in Delaware County CommonPleas Court. Detailds on the nature of Tartan’s default weren’y immediately available, but Strip said the club is less than 60 days behinsd onits loan. Strip said that despitd the filing, the receiver has “no intention now or in the futurs tocease operations” and that it “wants to give everyy opportunity for the golf coursre to survive with its present management.
” “We’re at a crossroads and a number of possibilities could develop from this,” he Among those: A sale of the a chance for the course’s owners to reorganize in conjunctiobn with GE Capital, or a refinancing deal with another A message seeking comment was left with Tartann management Monday afternoon.

No comments:

Post a Comment