Diamond Resorts Set As Stalking Horse Bidder For ILX Resorts
Jun 18th, 2010 | By Admin | Category: ALL NEWS HEADLINES, Finance, Legal Issues, USA & CanadaLAS VEGAS, NV (June 18, 2010) — According to court documents filed this month, ILX Resorts’ January 2010 joint plan of reorganization with its largest creditor, Textron Financial Corporation, has been approved. That means Las Vegas-based Diamond Resorts Corporation, via ILX Acquisitions Inc., is officially the “Proposed Purchaser” of the assets of ILX Resorts. A hearing to set a date for the sale of those assets will take place on July 23, 2010…
