Bankruptcy judge says Daufuskie resort can be sold in parcels
Bankruptcy judge says Daufuskie resort can be sold in parcels By JOSH McCANN jmccann@islandpacket.com 843-706-8145 Published Wednesday, November 10, 2010 4 Comments Email Article | Print Article | Feeds | | Search the Archive tool nameclose tool goes here A bankruptcy judge has divided the assets of the Daufuskie Island Resort & Breathe Spa into groups and allowed creditors to claim many of them after an auction last month produced no bidders for the entire property. The trustee overseeing the bankruptcy will continue trying to sell the property as a whole until the creditors' deals close, a trustee's spokesman said. The resort was once a major employer on the sparsely developed island off the southern tip of Hilton Head Island. If a single buyer doesn't emerge, AFG, a private investment group that loaned money to the resort before the bankruptcy, will assume the Melrose golf course and other amenities, which include two lodges, a conference center