Bankruptcy filing makes resort stronger. Treetops Resort is a highly acclaimed golf and skiing resort located in Northern Michigan. The resort ran into money issues due to the failing economy. A bankruptcy lawyer was consulted. The result was the resort filed a Chapter 11 bankruptcy case. Many feared for the future of the much beloved resort. But that is far from the reality. The general manager of the club explained how the work of the bankruptcy lawyer will in fact save the club for generations to come. The people who have been coming to the resort has increased by leaps and bounds. In fact, revenue at the resort is up over eighty percent over the last four years. So what forced the resort to file bankruptcy? Besides the failing economy, there were other issues. The resort did not make the necessary improvements under the old ownership. The new owners made the pledge to keep the resort first class. This meant pouring a lot of money to make necessary improvements. The bankruptcy filing will let the owners wipe the debt off the books. This will let them continue to pour money into the resort. The resort business can be very competitive. If you want to remain among the elite, you must be on the cutting edge. Luxury is not cheap. Money needs to be invested back into the property on a regular basis. If resorts do not upgrade on a regular basis, the customers will go elsewhere. Thanks to the hard work of the bankruptcy attorney, Treetops Resort will not only survive. It will thrive for many years into the future. Bankruptcy often can give a fresh start. The resort’s future is looking bright. Bankruptcy has removed the burden of debt. Now the resort can focus in on what it does best. Creating a top notch resort for golfing and skiing.
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