James Barnes

Barnes' Watch Hill home in Westerly, RI

Finance company seeks to convert Barnes’ bankruptcy

HARTFORD, CT- Developments in the Hermitage bankruptcy case may have an impact on the personal bankruptcy case filed by Donna Barnes, the wife of Hermitage Club founder James Barnes.
Shem Creek Haystack, a real estate finance company that provided a second mortgage on Barnes’ exclusive...

Hermitage receiver will stay in place

RUTLAND- Alan Tantleff, of FTI Consulting, will continue to manage Hermitage properties, according to a transition report submitted by court-appointed Chapter 7 trustee Raymond Obuchowski.
According to the trustee’s report, Hermitage assets will remain under Tantleff’s management at least...

Bank can remove equipment from Hermitage

RUTLAND- Lakeland Bank has been granted a court order allowing them to take possession of snowmaking equipment at the Hermitage Club ski area.
Vermont District Bankruptcy Court Judge Colleen Brown signed the order Friday, granting Lakeland Bank’s motion asking the court to lift an...

The Barnstormer Summit Lift

Court encumbers Barnes’ summit lift equity

HARTFORD, CT- A Connecticut judge has granted a motion by a former Hermitage employee to place a lien on Hermitage owner James Barnes interest in Barnstormer Summit Lift LLC.
Former Hermitage Chief Financial Officer Dan Solaz, who was also one of three creditors who initiated the Hermitage...

The Hermitage is heading for the auction block

RUTLAND- The Hermitage is headed for the auction block, following rulings by Vermont District Bankruptcy Court Judge Colleen Brown at a hearing on Friday, July 26.
Brown issued two orders, one granting the US Trustee’s and creditors’ motions to convert the Chapter 11 cases to Chapter 7,...

Hermitage headed toward liquidation process

BURLINGTON- Parties in the Hermitage bankruptcy cases have submitted a proposed order converting the cases from Chapter 11 to Chapter 7. The proposed written order was requested by Vermont District Bankruptcy Court Judge Colleen Brown following her verbal order on the record at a hearing on...

Court decision delivers blow to Barnes

RUTLAND- Hermitage assets appear to be headed to liquidation, after a court decision on a motion by the US Trustee Friday.
The US Bankruptcy Court judge in the case ordered the conversion of Hermitage Chapter 11 bankruptcy cases to Chapter 7 on Friday, according to a source represented in...

Judge denies Hermitage financing, Club to submit new motion

This report was updated with additional information at 7:25 pm, Friday, July 12. RUTLAND- Vermont District Bankruptcy Court Judge Colleen Brown has denied a motion by the Hermitage seeking to borrow $1.75 million to fund their reorganization under Chapter 11 bankruptcy following a hearing...

"Failed promises and shattered dreams." Wilmington opposes Hermitage financing deal

RUTLAND- Two local municipalities have joined Berkshire Bank in their opposition to the Hermitage's motion asking the court to approve a $1.75 million debtor-in-posession (DIP) loan, and the court has put a hearing on the conversion of the cases to Chapter 7 (liquidation) on a fast-track. On...

Judge moves to consolidate Hermitage Club bankruptcies into Chapter 11

RUTLAND- Hermitage Inn Real Estate Holding Company’s Chapter 11 and involuntary Chapter 7 bankruptcies have been consolidated and will move forward under Chapter 11, following a stipulation by several key parties in the case.
Vermont District Bankruptcy Court Judge Colleen A. Brown signed...