Raleigh Country Club Wants To Keep Fairways
Posted August 11, 2003 2:04 a.m. EDT
RALEIGH, N.C. — Raleigh Country Club is fighting to keep control of its fairways.
Club owners filed a reorganization plan in bankruptcy court Monday.
The club owed $7 million when it filed for bankruptcy protection in February.
The largest creditor, a group of real estate investors, wants to take control of the country club in foreclosure.