HARAHAN, La. — The Colonial Golf and Country Club has laid out details of its bankruptcy Chapter 11 reorganization plan.
The plan outlines how the club would satisfy its creditors if the court were to approve the proposal.
It includes the sale of the property to businessmen John Georges and developer Wayne Ducote. Georges said he has not yet decided what he will do with the property if the sale is approved.
The club filed for Chapter 11 protection in February, one day before the 88-acre property was to be auctioned off in foreclosure proceedings.