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Resorts Financial Issues Discussed Tuesday

Posted by wlpo on January 26, 2011

The bankruptcy case of Grand Bear Lodge will be taken up Tuesday morning in U.S. Bankruptcy Court.

Chief Judge Carol Doyle will hear a motion to pay prepetition wages, benefits and payroll taxes filed by bankruptcy lawyer William Factor of Chicago.  Doyle plans to handle the motion at 10 o’clock in downtown Chicago.

Grand Bear Lodge filed for Chapter 11 bankruptcy last Friday.  The Utica resort is said to have 10 million dollars of debt.

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