Court Appointed Trustee To Take Over View Point Inn

 

According to Oregon Live:

“A bankruptcy judge’s ruling Thursday means the fire-damaged View Point Inn and Restaurant in Corbett will likely be put up for sale, bringing new ownership to the historic site.

Judge Elizabeth L. Perris ruled Thursday that a bankruptcy court trustee would take over the inn. If the court official finds no way to come up with the money to pay co-owner Geoffrey Thompson’s creditors, the inn will be put up for sale in a foreclosure auction.

The Oregonian’s continuing coverage of a fire at the historic View Point Inn in Corbett.
After a fire Sunday took most of View Point’s roof, the inn is worth only $20,000 to $30,000, Thompson estimated at Thursday’s hearing. He has said the building was uninsured at the time of the fire.

Thompson did not appear in court, but testified over the phone. His debt totals at least $2.9 million, not counting nearly 200 creditors whose claims are listed as “unknown,” according to a motion filed this week.

Thompson asked for the case to be dismissed. The dismissal would have allowed him to continue as the inn’s owner and try to rebuild. Enough people and businesses had offered to help that he would be able to rebuild the inn and pay back his creditors, Thompson claimed at the hearing.

Judge Perris ruled instead to put the inn’s fate in a trustee’s hands.”

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Comments

  1. CullenCoven says:

    Man, that sucks.

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