UPDATE, April 21: Former Woodhaven Country Club owner Lou Scoma says in an interview that current owner WCC Partners owes him up to $2.5 million. This story has been changed to reflect that.
The limited partnership that bought Woodhaven Country Club last year has filed for Chapter 11 bankruptcy but its former owner is asking a judge to dismiss the case, arguing it was filed to prevent foreclosure.
WCC Partners, LP, doing business as Woodhaven Country Club, filed for bankruptcy April 7 in U.S. Bankruptcy Court in Fort Worth. In a subsequent filing, WCC said it had much as $10 million in assets and as much as $10 million in liabilities.
Scoma Family Limited Partnership has filed a motion to dismiss the bankruptcy case, saying it holds a lien against “nearly all if not all of the debtor’s property,” and that WCC had “payment issues” with Scam and was in negotiations to solve the problem when WCC filed for bankruptcy.
WCC’s bankruptcy filing lists Scoma as a creditor, but doesn’t say what it owes Scoma.
In an interview with The Business Press, Scoma said Woodhaven’s owners owe him as much as $2.5 million. They paid him a total $1.5 million in a down payment and subsequent payments on their debt to Scoma before they stopped paying, Scoma said.
WCC’s bankruptcy attorney did not respond to emailed questions or a request for an interview. The Chapter 11 filing allows WCC protection from creditors while it reorganizes.
Another filing by WCC identifying its top 20 unsecured creditors listed a Utah firm named Estrella that the filing said loaned working capital to WCC in 2014 and 2015 and is owed $2 million; the Internal Revenue Service, owed $179,000; and numerous vendors and other creditors.
Scoma said Estrella is WCC Partners’ backer.
In its motion to dismiss, Scoma said it was moving toward a foreclosure sale of the club and related assets.
“The Chapter 11 filing was not in good faith, but was solely for the purpose of delay,” the motion said.
WCC, in a filing with the case, said Woodhaven brought in $1.24 million in income in 2014 and $330,000 so far this year.