Hermitage files new financing motion
RUTLAND- The Hermitage filed a new motion for bankruptcy financing Monday, after US Bankruptcy Judge Colleen Brown denied their previous motion following a hearing on Friday, July 12.
In her decision last week, Brown set a Monday deadline for a new motion, which will be heard at a previously scheduled hearing on Friday, July 26.
The debtor-in-possession deal under the new motion appears to address some of the objections made by creditors, including the halving of what creditors called an excessive “professional fee” of $300,000.
Support local journalism. Access to our full website, including e-edition archives, starts at only $2.
Click here to learn more about subscription options.
Are you a current online subscriber? Click to login.
If you have a print subscription, you can now add online access at no additional charge. Just email us with your name and mailing address to set it up.
Thank you for supporting community journalism and The Deerfield Valley News.
