NotAgain
newbie
Hello all,
I have received a letter from the ATV Club the week before regarding "the end" of the club (see the paragraphs below). The current ATV members are been provided the WIVC membership as an option. Can any TUGGER familiar with the WIVC provide some insight or input on this. Thanks.
Brian G.
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Dear ATV Club Member:
After exhausting all possible solutions and after a great deal of contemplation, Americas Travel & Vacation Club (”Club” and “ATVC”) will unfortunately be forced to either liquidate or partially “merge” with another vacation club. As you know, our Club has not sold memberships since its inception, and the natural loss of members due to time and the effects of the economy have been financially too difficult to overcome.
Your Board of Directors has made the difficult decision to seek your input to either liquidate the Club or to reorganize pursuant to a plan through Chapter 11 bankruptcy where certain ATVC assets would be acquired by another club and ATVC members desirous of doing so could become members of the other club. Any reorganization plan will be subject to creditor and Bankruptcy Court approval. Regardless, ATVC will soon cease operations.
Club members who wish to continue with a vacation club membership are encouraged to consider accepting a membership in WIVC whether or not ATVC liquidates or reorganizes. WIVC indicates that it is prepared to match your ATVC membership in terms of seasonality and number of bedrooms; up to the number of available WIVC memberships. We have diligently searched for alternative clubs for our members to join and feel that WIVC is the best option for most of our members...
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I have received a letter from the ATV Club the week before regarding "the end" of the club (see the paragraphs below). The current ATV members are been provided the WIVC membership as an option. Can any TUGGER familiar with the WIVC provide some insight or input on this. Thanks.
Brian G.
=================
Dear ATV Club Member:
After exhausting all possible solutions and after a great deal of contemplation, Americas Travel & Vacation Club (”Club” and “ATVC”) will unfortunately be forced to either liquidate or partially “merge” with another vacation club. As you know, our Club has not sold memberships since its inception, and the natural loss of members due to time and the effects of the economy have been financially too difficult to overcome.
Your Board of Directors has made the difficult decision to seek your input to either liquidate the Club or to reorganize pursuant to a plan through Chapter 11 bankruptcy where certain ATVC assets would be acquired by another club and ATVC members desirous of doing so could become members of the other club. Any reorganization plan will be subject to creditor and Bankruptcy Court approval. Regardless, ATVC will soon cease operations.
Club members who wish to continue with a vacation club membership are encouraged to consider accepting a membership in WIVC whether or not ATVC liquidates or reorganizes. WIVC indicates that it is prepared to match your ATVC membership in terms of seasonality and number of bedrooms; up to the number of available WIVC memberships. We have diligently searched for alternative clubs for our members to join and feel that WIVC is the best option for most of our members...
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