Delta Resort & Spa

The developer of the Hotel Hot Springs & Spa has been accused of improperly transferring millions of dollars to his wife or into a trust before filing bankruptcy to avoid paying creditors. read more >

The 200-room Hotel Hot Springs & Spa will be sold at a foreclosure sale to help pay a $128.9 million judgment its owner received in June. read more >

Gary Russell Gibbs of Niceville, Florida, lists his complete financial details in U.S. Bankruptcy Court in Hot Springs showing total debts at $171.1 million. That makes his personal bankruptcy one of the largest filed in Arkansas. read more >

In December, creditors forced Gary R. Gibbs, the developer of the Delta Resort & Spa in Desha County and the Hotel Hot Springs & Spa, into bankruptcy for defaulting on $119.4 million in loans. It's familiar territory for Gibbs, who recovered from a 2005 bankruptcy only to fall back into financial distress after the New Orleans bank that made his loans failed. read more >