Wolf Creek Properties files for bankruptcy

EDEN, Utah (AP) — Wolf Creek Properties has filed for Chapter 11 bankruptcy protection. Officials with the 3,000-acre master-planned resort and golf club community said in a prepared statement Wednesday they have also filed a variety of motions in U.S. Bankruptcy Court for the District of Utah to continue to manage operations, including the ability to pay employees. In a statement, the company says it is in discussion with a number of potential buyers to sell portions of its operations and attract new ownership. The statement did not indicate which assets Wolf Creek Properties may sell. The filing indicates the company’s assets and liabilities each total between $10 million and $50 million. Wolf Creek Properties has at least 100 creditors.

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