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DENVER — The Denver-based luxury-destination vacation group High Country Club LLC is liquidating its assets.
A Chapter 7 bankruptcy filing from Jan. 27 shows the club lost about $12 million in the past two years, including nearly $7 million in 2008. It listed debts of more than $25 million.
Creditors who met on Friday with club owner and founder Christian Kirschner learned they were unlikely to recoup much of their investment and that 19 vacation-club properties would be sold at auction.
Among the more than 350 club members who are now creditors are former Denver Broncos linebacker Bill Romanowski.
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Information from: The Denver Post,
