Hermitage

Judge denies Hermitage financing, Club to submit new motion

This report was updated with additional information at 7:25 pm, Friday, July 12. RUTLAND- Vermont District Bankruptcy Court Judge Colleen Brown has denied a motion by the Hermitage seeking to borrow $1.75 million to fund their reorganization under Chapter 11 bankruptcy following a hearing...

"Failed promises and shattered dreams." Wilmington opposes Hermitage financing deal

RUTLAND- Two local municipalities have joined Berkshire Bank in their opposition to the Hermitage's motion asking the court to approve a $1.75 million debtor-in-posession (DIP) loan, and the court has put a hearing on the conversion of the cases to Chapter 7 (liquidation) on a fast-track. On...

Bankruptcy trustee seeks Hermitage liquidation

BURLINGTON- The US Bankruptcy Trustee delivered a harsh rebuke to the Hermitage in a motion calling for the conversion of their Chapter 11 cases to Chapter 7, or the dismissal of the cases for cause.
In a 10-page motion filed by assistant US Trustee Lisa M. Penpraze on Wednesday, the US...

Club creditors object to Hermitage financing deal

RUTLAND- Two creditors and the US Trustee have filed objections to a Hermitage motion seeking approval of a financing deal.
Last week, in anticipation of a hearing set for Friday, July 12, the Hermitage submitted a 36-page amended motion asking the court to approve a $1.75 million “debtor-...

Judge moves to consolidate Hermitage Club bankruptcies into Chapter 11

RUTLAND- Hermitage Inn Real Estate Holding Company’s Chapter 11 and involuntary Chapter 7 bankruptcies have been consolidated and will move forward under Chapter 11, following a stipulation by several key parties in the case.
Vermont District Bankruptcy Court Judge Colleen A. Brown signed...

The Hermitage Clubhouse at Haystack

Creditors object to Hermitage insurance financing plan

BURLINGTON- A hearing on a Hermitage motion to approve an insurance finance agreement has been set for Friday, July 12, following a hearing this week on objections filed by the Hermitage’s largest creditors and the US Bankruptcy Trustee.
Last week, the Hermitage filed an emergency motion...

Garmisch Court condominiums at the Hermitage

Bank, not Hermitage, making sewer payments

WILMINGTON- Coldbrook Fire District officials say they expect to continue receiving payments from Berkshire Bank while the Hermitage is under bankruptcy protection.
Last week, Wilmington town officials announced their expectation that the bank will not continue making property tax payments...

Everyone enjoys a good fairy tale, who knows what’ll happen

To the Editor,
Shortly before the end of 2018, The Deerfield Valley News published my letter saying it was a “fairy tale” that Hermitage Club operations could be restarted without a bankruptcy, and questioning why neither members nor creditors had gone down that road. Now there are two...

Club bankruptcy could drive up town tax rate

WILMINGTON- The recently filed Hermitage bankruptcies could add as much as 10 cents to Wilmington’s tax rate, according to town officials.
It was a classic good news/bad news situation at Tuesday evening’s selectboard meeting. Finance director Christine Richter delivered the good news...

This wall on Beaver Street will be transformed into an art installation, thanks to a grant secured by Wilmington Works.

Retaining wall to become palette for village public art project

WILMINGTON - On Monday, Wilmington Works Program Coordinator Meg Staloff held a meeting with community members about an art installation on a retaining wall on Beaver Street.
The wall, which is owned by The Richards Group, runs along the east side of Beaver Street and is currently blank....