Tagged: Gary Gibbs

Hotel Hot Springs Foreclosure Sale Set

Hotel Hot Springs Foreclosure Sale Set

WhispersBanking & FinanceLegal

The public auction will be held in the foyer of the Garland County Courthouse in Hot Springs, with the proceeds from the sale helping to pay a $128.9 million judgment handed down against the hotel’s owner back in June. read more >

Hotel Hot Springs Faces Foreclosure Sale

Hotel Hot Springs Faces Foreclosure Sale

Banking & FinanceLegalRestaurants & FoodCover Story

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 >

Details in Delta Resort Bankruptcy Show $171.1M in Debts

Details in Delta Resort Bankruptcy Show $171.1M in Debts

WhispersBanking & FinanceLegal

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 >

Files Offer Look Inside $120M Delta Resort Bankruptcy

Files Offer Look Inside $120M Delta Resort Bankruptcy

Banking & FinanceLegalCover Story

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 >