Monday, April 30, 2012

Catskills restaurant files for bankruptcy - Triangle Business Journal:

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The Shamrock House is marking its 71st year in East Greene County, according to the company web It’s unclear if the business intendd to remain open as it restructures its debts in bankruptcyu court. A woman who answered the phone today said thecompanuy president, John J. Kellegher, is referring questiond to his attorney. The attorney, Richare Croak in Albany, was out of the office and unavailable for Greene County Tourism Director Daniela Marino saidshe didn’ t know what the business plans to do. She said the Shamroco House is an example ofthe older, traditional resorts in the Catskillxs that have an ethnic “It’s been a very tough year,” Marino said.
“The economy beiny what it is, unfortunately these things may happen.” Anothedr resort in Greene County, the much-larger , filedd for bankrupty protectionin June. It will continue operating while its ownere search fora buyer. Despite the Marino said there are successful resorts inthe county. “We’rse pretty optimistic because most of the hotels and restaurantz have been ableto modernize,” she The Shamrock House has $500,000 to $1 million in liabilities and less than $50,00 in assets, according to a petition filed June 29 in in The largest secured claim is a $514,095 The lender isn’t identifies in the petition.
The largest unsecureed claim, $49,000, is held by The second largest is heldby , for credit card charges.

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