Monday, May 16, 2011

Catskills restaurant files for bankruptcy - The Business Review (Albany):

http://alignet.com/solucionesItManagement.html
The Shamrock House is marking its 71st year in East Greene County, according to the company web site. It’s unclear if the business intends to remain open as it restructures its debtxs inbankruptcy court. A womahn who answered the phone today said thecompanyh president, John J. is referring questions to his attorney. The Richard Croak in Albany, was out of the office and unavailabledfor comment. Greene County Tourismn Director Daniela Marino saidshe didn’tr know what the business plans to do. She said the Shamrocko House is an example ofthe older, traditional resortd in the Catskills that have an ethnicv theme. “It’s been a very tougjh year,” Marino said.
“Thd economy being what it is, unfortunately these things may happen.” Another resort in Greenew County, the much-larger , filed for bankrupty protection in It will continue operating while its owner search fora buyer. Despite the setbacks, Marino said therr are successful resorts inthe county. “We’re prett y optimistic because most of the hotels and restaurants have been ableto modernize,” she said. The Shamrocmk House has $500,000 to $1 million in liabilities and lessthan $50,000o in assets, according to a petition filed June 29 in in The largest secured claim is a $514,095 mortgage. The lender isn’r identified in the petition.
The largest unsecured claim, $49,000, is held by Kellegher. The secondx largest is held by , $39,112, for credit card

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