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Gordon Bombay

The Beach Closing after 27 Years

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According to the petition for Chapter 11 bankruptcy filed with the court, The Beach at Mason Limited Partnership has between 1,000 and 5,000 creditors and owes more than $600,000 to its 20 largest creditors.

It is unclear how the news will affect a lawsuit filed against The Beach’s owners by Ohio Attorney General Mike DeWine. In May, DeWine sued The Beach’s owners in Hamilton County Common Pleas Court, alleging the park violated the state’s Consumer Sales Practices Act.

The suit accused The Beach of “unfair or deceptive acts and practices” for refusing to refund season passes and not giving comparable services. The compensation offered did not constitute “similar goods or services of equal or greater value” as Ohio law requires, DeWine said in May.

http://news.cincinnati.com/article/20120821/CINCI/308210054/Beach-Waterpark-owners-file-bankruptcy

I assume this is a move that paves the way for the new owners to not take on the debt they did not create.

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