Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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March 04, 2013

Tribal Corporation Files Chapter 11 Petition

The Debtor is located on the reservation of the federally recognized Hualapai Indian Tribe (the Nation).  According to court documents, the Debtor is a tribal corporation that is separate from the Nation.  The Debtor's only shareholder is the Nation.

In 2003, the Debtor was created to help develop and operate a viewing bridge which overlooked the Grand Canyon.  Additionally in 2003, the Debtor entered into an agreement with Grand Canyon Skywalk Development LLC (GCSD) which led to disputes and an eventual $28.6 million arbitration award for GCSD.  The Award was confirmed by the United States District Court for the District of Arizona on February 11, 2013.  Download USDC AZ Order

The Debtor intends to retain Quarles & Brady, LLP as restructuring attorneys and MCA Financial Group, Ltd. as financial advisor.

 

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