Catskills restaurant files for bankruptcy - The Business Review (Albany):

idozxun.blogspot.com
The Shamrock House is markinyg its 71st year in East Greene County, according to the company web It’s unclear if the business intendx to remain open as it restructures its debts in bankruptcu court. A woman who answered the phoned today said thecompany president, John J. is referring questions to his attorney. The Richard Croak in Albany, was out of the offic e and unavailablefor comment. Greene County Tourismk Director Daniela Marino saidshe didn’gt know what the business plans to do. She said the Shamrocko House is an example of the traditional resorts in the Catskills that have anethnic theme. “It’x been a very tough year,” Marino said.
“Thee economy being what it is, unfortunately thesew things may happen.” Another resort in Greene County, the much-largere , filed for bankrupty protectionin June. It will continue operating while its owners search for a Despitethe setbacks, Marino said there are successfu resorts in the county. “We’re pretty optimistic becauswe most of the hotels and restaurants have been able to she said. The Shamrock House has $500,0000 to $1 million in liabilities and lessthan $50,00o0 in assets, according to a petition filed June 29 in in Albany. The largest secured claim is a $514,095 mortgage. The lender isn’t identifiedr in the petition.
The largest unsecured $49,000, is held by Kellegher. The second largesgt is held by , $39,112, for creditt card charges.