Celebrity Resorts Financial Results for June
Celebrity Resorts, LLC filed its monthly operating report for the month of June with the bankruptcy court earlier today. Celebrity Resorts and 35 affiliates voluntarily filed for chapter 11 bankruptcy protection in March. The group of debtors own and operate 13 vacation timeshare resorts in Colorado, Florida, Hawaii, New Jersey, Nevada, and Pennsylvania and claim that they have been "one of the fastest growing timeshare companies in the nation" since their 2003 founding.
According to today's monthly operating report, Celebrity Resorts had slightly more than $1 million in receipts during June, with $177,000 coming from cash sales and $401,000 in rental income. The company's disbursements in June totaled $1.17 million. The largest categories of disbursements were for payroll ($841,000) and insurance ($99,000). Over the course of the bankruptcy cases, Celebrity Resorts has had receipts of almost $6 million and disbursements of slightly less than $5 million. The company ended June with $2.16 million in funds.
About netDockets:
With over 1.8 million documents filed in over 1,000 of the largest corporate chapter 11 bankruptcy cases, all professionally-coded to be quickly and easily searchable, netDockets allows you to find not just more precedent, but the best, most relevant precedent.
Learn more and sign up for a free trial account by visiting http://www.netdockets.com/. In addition, please contact us directly to learn more about special free trial and payment options for mid-size and large law firms. Contact information can be found on our JDSupra profile page and at http://www.netdockets.com/.
Related Articles:
-
by Ed Yourdon Article by Steve Anderson The term bankruptcy may refer to individuals or... Read Full Story »
Comments
