Timeshare Resort Closed - Help - Next Steps or Options for Owners

[tonycm1972]

Does anyone have any insight, experience, legal advice, or options for owners who own deeded property at a time share but the timeshare went out of business? If the business closed their doors and you can't get a hold of them, do you know what options owners have?

My timeshare #7549 The Gardens in Orlando, FL went out of business and the original contacts will not respond to any inquiries. So, I don't know if that just means the owner got screwed or are they still held responsible for taxes or any options to get money for it or have it transferred to another resort? Any options for owners or if you know anything about what is going on with this resort, feel free to respond. Thanks

 

[dioxide45]

Where is the BOD in this? They should be working through the legal processes to dissolve the timeshare and divest the assets (land, buildings).

 

[RX8]

A Google search reveals that this resort filed Chapter 11 bankruptcy way back in 2017. As @dioxide45 says, the BOD (Board of Directors) should have had some communication about the BK with the owners back in 2017. Are you saying you have heard nothing since before 2017?

 

[montygz]

Does anyone have any insight, experience, legal advice, or options for owners who own deeded property at a time share but the timeshare went out of business? If the business closed their doors and you can't get a hold of them, do you know what options owners have?

My timeshare #7549 The Gardens in Orlando, FL went out of business and the original contacts will not respond to any inquiries. So, I don't know if that just means the owner got screwed or are they still held responsible for taxes or any options to get money for it or have it transferred to another resort? Any options for owners or if you know anything about what is going on with this resort, feel free to respond. Thanks

The Gardens underwent a Chapter 11 reorganization that concluded in 2019.

The resort appears to be still operating and has recent reviews on Google,

Is this the resort you own?

Extra Holidays Family Resort Vacation Rentals

Extra Holidays offers spacious suites with extra room for the family at nearly 200 resorts worldwide, including Canada, the Caribbean, and Mexico.

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You can read the bankruptcy court information by creating an account on PACER.

Public Access to Court Electronic Records | PACER: Federal Court Records

PACER provides information about accessing and filing federal court records electronically. Find resources for using PACER.

pacer.uscourts.gov

Under a Chapter 11 bankruptcy, a business doesn't have to close its doors. As a timeshare owner, you may not even know this is happening.

If the timeshare truly went out of business and liquidated its assets, you might be eligible for a share of any money left over after all the debts are paid.

I'm not a lawyer and this is just a superficial look at this.