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Published on 5/27/2014 in the Prospect News Distressed Debt Daily.

Hawthorns to end exclusivity and file disclosure statement by June 30

By Kali Hays

New York, May 27 - Hamilton Proper Partners Golf Partnership, LP, which does business as Hawthorns Golf & Country Club, and its lender HGCC Lender, LLC have agreed on the termination of the company's exclusive filing period, according to a May 27 motion with the U.S. Bankruptcy court for the Southern District of Indiana.

The company accepted the termination in exchange for HGCC agreeing that if both parties file plan and disclosure statements by June 30, "the plans shall proceed on parallel paths as the court determines, without prejudice to HGCC or the debtor to proceed to confirmation without delay."

Both parties asked for entry of an order terminating Hawthorns' exclusivity and that a hearing on approval of the disclosure statements be held on the first available date after June 30.

Hamilton Proper, the Indianapolis-based owner of private membership golf club Hawthorns, filed for bankruptcy on Jan. 24. The Chapter 11 case number is 14-00461.


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