Bankrupt resort to stay open. (Forestry News).A not-for-profit group will run the bankrupt BANKRUPT. A person who has done, or suffered some act to be done, which is by law declared an act of bankruptcy; in such case he may be declared a bankrupt. 2. It is proper to notice that there is much difference between a bankrupt and an insolvent. Searchmont ski resort for the upcoming season after a coalition of Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. development groups struck a deal with the bankers and receiver on Sept. 21. The city and the community development corp. will each give $25,000 to the Searchmont Development Inc. towards a $100,000 hydrological hy·drol·o·gy n. The scientific study of the properties, distribution, and effects of water on the earth's surface, in the soil and underlying rocks, and in the atmosphere. study to examine the resort's future water and sewer SEWER. Properly a trench artificially made for the purpose of carrying water into the sea, river, or some other place of reception. Public sewers are, in general, made at the public expense. Crabb, R. P. Sec. 113. needs as information for any incoming buyer. FedNor may contribute the remaining $50,000. The city is also loaning $225,000 to the not-for-profit group, part of which will advanced to the bank as a non-refundable deposit that binds the lease arrangement. As well, the local hospitality sector has chipped in $150,000 in pre-paid tickets. Efforts to find a new buyer for the 550-acre resort continue. |
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