Founder of Club in MT seeks dismissal of Bankruptcy Petition
Tap to Call - (877) 250-8242

Montana resort founder seeks dismissal of bankruptcy petition

By

April 25, 2011

Share this article

SHARE

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.
 


Back to Newspaper Home


Tap to Call - (877) 250-8242

Copyright © 2017 MH Sub I, LLC. All rights reserved. ® Self-help services may not be permitted in all states. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. The attorney listings on this site are paid attorney advertising. In some states, the information on this website may be considered a lawyer referral service. Please reference the Terms of Use and the Supplemental Terms for specific information related to your state.Your use of this website constitutes acceptance of the "Terms & Conditions", "Supplemental Terms", "Privacy Policy" and "Cookie Policy."