Woodlake Country Club seeks bankruptcy protection

Posted on Tuesday, October 7th, 2014 at 3:34 pm    

Woodlake Partners LLC, recently filed for Chapter 11 bankruptcy for Woodlake Country Club after acquiring debts to dozens of creditors, an article of thepilot.com stated on September 23.

Bankruptcy documents were recently forwarded to the U.S. Greensboro Bankruptcy Court the by the popular country club. The documents revealed that the company’s assets are listed as $5.3 million while their liabilities reached $8.85 million. Woodlake Partners LLC reportedly filed Chapter 11 two weeks after a repair plan for the Woodlake dam was forwarded to the state’s dam safety officials. The dam reportedly needed extensive and costly repairs after it was classified as “high hazard” by state authorities.

The Raleigh lawyers at Bradford Law Offices, PLLC understand that deciding to declare bankruptcy is a difficult and important decision. Our lawyers can review your case and, if applicable, help guide you through the process. Learn more on how we may possibly help you recover from your business debts today by calling (919) 758-8879.