Latest News 2010 March Celebrity Resorts Files for Chapter 11

Celebrity Resorts Files for Chapter 11

The company Celebrity Resorts, which bought David Walley's Hot Springs Resort and Spa has filed for Chapter 11 bankruptcy protection. According to the documents that were filed, the company is citing the economy as the reason for the filing. Also according to the documents, the company has increased profits by about $5.8 million in the last year.

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