Creditor

On December 15th, Myrtle Beach South Carolina’s Hard Rock Park will be auctioned off in order to repay creditors.  Deutsche Bank, one of the largest creditors, is owed about $18.6 million and will be paid first.  Next to be paid will be the lenders who provided the park about $2 million, followed by the payment of legal fees. Finally with any money that remains from the auctioning off of assets, any remaining “liens, claims and encumbrances” will be paid off.  Suppliers who are owed money for services or goods provided to Hard Rock Park should follow the December 15th auction closely and work with a qualified South Carolina creditor’s rights attorney to ensure they recover any funds owed to them should surplus funds from the auction be available.