The Shambhala Mountain Center in Larimer County filed for Chapter 11 bankruptcy protection as it restructures debt in the wake of financial struggles brought on by the pandemic, the Shambhala Buddhism sexual misconduct scandal and the Cameron Peak fire.
The bankruptcy filing, made Monday in federal court in Denver, follows the Buddhist retreat’s announcement last month that it’safter becoming an independent nonprofit organization.
According to its Chapter 11 filing, the Shambhala Mountain Center and Wells Fargo bank entered into a restructuring agreement on July 29, 2015, that consolidated all of the center’s outstanding debt into a single secured loan of $4.15 million. Wells Fargo commissioned an appraisal of the center’s primary real estate and valued the property at $7.7 million, according to a document dated Dec. 10, 2020.
As part of the Chapter 11 filing, the Shambhala Mountain Center has a $500,000 matching donation commitment from the Pema Chödrön Foundation, according to the news release. Other major donors have committed more than $250,000 toward the reorganization. The center is represented on a pro bono basis by Ropes & Gray, a global law firm.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Gamelan Tunas Mekar’s Mountain Offerings Blends Bali and ColoradoThe mountains of Bali and Colorado merge in this beautiful performance of Balinese gamelan.
続きを読む »
Pfizer Vaccine May Offer Little Protection Against Infection in Kids 5-11However, the Pfizer shots still offered protection against serious illness from COVID, the researchers found.
続きを読む »
Pfizer Covid vaccine may offer little protection against infection in kids 5-11Researchers found that the vaccine’s effectiveness dropped to 12 percent from 68 percent amid the omicron surge.
続きを読む »
Colorado Parks and Wildlife relocates mountain lion that ended up on Boulder homeowner’s porchA mountain lion that ended up on a homeowner’s porch in Boulder was safely relocated Sunday morning, according to Colorado Parks and Wildlife (CPW) officials.
続きを読む »
Going to the Desert Bar? Fun things to do on your trip to Parker and western ArizonaBuckskin Mountain and three other state parks, a wildlife refuge beloved by birders and water sports are highlights of the Colorado River at Parker.
続きを読む »