During periods of economic uncertainty, golf and country clubs experience unique challenges. Facing issues of declining membership and potential foreclosure of assets, management may require the assistance of bankruptcy and restructuring counsel.
The attorneys of DelCotto Law Group PLLC have experience in restructuring golf and country clubs, both in out-of-court restructurings and Chapter 11 bankruptcy proceedings. Specifically, the attorneys of DelCotto Law Group PLLC can assist a golf/country club in analyzing and addressing key issues, including but not limited to:
- Loan workouts
- Rejection of leases
- Cram down of secured property
- Asset sales
- Chapter 11 plan feasibility
- Applicability of the absolute priority rule