Additionally the Portland Business Journal reports that, “Geoff Thompson filed for bankruptcy in late June to prevent the inn from being sold in a foreclosure auction. An accidental fire on July 10 shuttered the inn and forced dozens of brides and grooms to seek alternate accommodations for their summer weddings.
Thompson filed under Chapter 11 of the U.S. Bankruptcy Code, which allows debtors to reorganize and continue to operate.
Thompson’s attorney, Ted Trautman, confirmed Wednesday that he will convert the case to Chapter 7, which means his assets will be liquidated and distributed among creditors.”
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