Founder of Club in MT seeks dismissal of Bankruptcy Petition
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Montana resort founder seeks dismissal of bankruptcy petition

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April 25, 2011

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Montana resort founder seeks dismissal of bankruptcy petition

The founder of the Yellowstone Club resort in Billings, Montana, is asking a federal judge to dismiss a bankruptcy petition that was reportedly forced on him due to his alleged unpaid tax bills in three different states.

The Associated Press reports that the states of California and Idaho withdrew from the case after resort founder Tim Blixseth paid $1.9 million in back taxes. However, court records indicate that Montana tax officials still claim Blixseth owes $57 million.

According to the news source, the first hearing in the case was held recently in U.S. Bankruptcy Court in Nevada, but no decision was made on whether or not it should be moved to another state. A trust holding a majority of Blixseth's assets is reportedly registered in Nevada.

Both authorities and creditors claim that Blixseth was responsible for draining millions of dollars from the Yellowstone Club - a private ski and golf resort, according to its website - prior to the collapse of its finances. However, Blixseth claims that the bankruptcy case is based on false tax allegations and should be dismissed as a result.
 


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