"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 Thursday Edward Adrian, attorney for the town of Wilmington, submitted a notice joining and supporting Berkshire Bank's opposition to the Hermitage's proposed DIP financing. In their motion, the bank called on the court to liquidate Hermitage assets.

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The Deerfield Valley News

797 VT Route 100 North
Wilmington, VT 05363

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