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Court: Mont. can pursue ex-billionaire bankruptcy

Tuesday - 12/18/2012, 1:28pm  ET

By MATTHEW BROWN
Associated Press

BILLINGS, Mont. (AP) - Montana's bid to force ultra-luxury resort founder Tim Blixseth into bankruptcy and make him cough up $57 million in alleged back taxes has been resurrected by an appeals court ruling in the case.

A three-judge panel of the 9th U.S. Circuit Court of Appeals overruled a lower court ruling Monday and said Nevada is the proper venue. Blixseth is a resident of Washington and is believed to have most of his assets in a Nevada-based trust.

The ruling comes on the heels of a Dec. 5 order that Blixseth pay $41 million to creditors from the Yellowstone Club, the private ski resort he founded near Big Sky.

Blixseth diverted most of a $375 million loan to the club for his personal use before it went bankrupt in 2008.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)