Bank wants Hermitage Club foreclosure to start
Thu, 08/08/2019 - 2:10pm
Mike Eldred
RUTLAND- Berkshire Bank is asking the Vermont District Bankruptcy Court to allow their foreclosure action to proceed in Windham Superior Court.
The bank filed its foreclosure suit in February 2018, amid mounting financial difficulties at the Hermitage. An automatic stay was placed on the proceedings when the Hermitage Chapter 11 bankruptcy cases were filed in May 2019. On July 26, however, the bankruptcy cases were converted to Chapter 7, under which Hermitage assets will be liquidated and distributed to creditors.