Weeks after closing the doors unexpectedly, the owners of Rose Hill Golf Club have files for bankruptcy in a Texas court.

In a move that could pave the way for the club to reopen, Rose Hill Ltd filled for voluntary Chapter 11 in a Texas District Court.
Rose Hill closed the doors unexpectedly at the end of January, with no notice given to any of the employees. Members and Rose Hill Plantation residents have been trying to find out more since then.
Earlier this month Carolina First Bank foreclosed on the loan, believed to be more than $2million.
Local speculation is that the receivership will be handled by Kitson & Partners, who specialize in turning around financially stricken clubs.

This entry was posted on Wednesday, March 29th, 2006 at 1:37 pm and is filed under Golf, Hilton Head News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.