Solstice Destination Club filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Court. This was filed in the Southern District of New York. You can see more on this article here.
investing.businessweek.com/businessweek/...p?privcapId=44794282
This follows the ownership restructuring announcement in the first quarter of 2008. You can find the details of the earlier restructuring in the Reuters article here.
www.reuters.com/article/pressRelease/idU...-May-2008+BW20080516