Colorado Brightwater Club Golf Development Files Bankruptcy
This article is for subscribers only.
Clearwater Development Inc., operator of the Brightwater Club, a gated community in Colorado, filed for bankruptcy protection from creditors with debt exceeding $100 million.
The company said its debt included secured claims of $69.5 million and unsecured claims of $32.8 million. Assets, mostly real estate, were $8.29 million, according to an April 18 filing in U.S. Bankruptcy Court in Denver.