Bentley Brook Interval Owners’ Association plans to sell its Hancock, Massachusetts timeshare property and wind down through a Subchapter V Chapter 11 case. President Greg Huffman’s declaration describes a proposed sale free and clear of members’ interests, with those interests attaching to proceeds for distribution under a court-approved liquidation plan or other order. The proposal follows a reserve study estimating approximately $19.373 million in repairs and capital work from 2026 through 2033. These are proposed transactions and estimated costs, rather than an approved sale or established recovery. Huffman declaration, pp. 7–8, 12–15
The association reports no secured debt on the petition date and anticipates paying claims in full. That expectation remains the debtor’s forecast. Its proposed exit also requires addressing members’ occupancy rights and the association’s partial ownership of four units. This account reviews available docket evidence through October 2, 2026. Huffman declaration, pp. 6–7, 12–15
U.S. Bankruptcy Court for the District of Massachusetts
Case Number
26-30620
Petition Date
September 21, 2026
Case Snapshot
The association filed a voluntary Chapter 11 case under Subchapter V on September 21, 2026. Petition docket entry
Repair needs and the suspension of occupancy
The Massachusetts nonprofit manages and maintains Bentley Brook Resort, a timeshare property comprising five buildings and 152 condominium units. Huffman reports that a 2025 reserve study projected approximately $19.373 million in repairs, capital improvements, and renovations over 2026–2033. The estimate represents projected property expenditures, not funded debt or a court-approved budget. Huffman declaration, pp. 2, 4, 7–8
According to Huffman, occupancy ceased around January 1, 2026. He attributes the filing context to substantial future property costs and member decisions to suspend occupancy and pursue a sale. As of June 30, 2026, 255 licensees were delinquent on maintenance fees, with more than $533,000 past due. Huffman declaration, pp. 7–8
A proposed sale and treatment of member interests
The association’s ownership structure matters to the proposed transaction. Huffman reports that it holds full title to 148 units and partial interests in four others. Members hold occupancy rights under the governing documents. Huffman declaration, pp. 6–7
The declaration describes member authorization to file bankruptcy and market and sell the property, subject to court approval. The association intends to seek bidding procedures, potentially designate a stalking-horse bidder, and sell free and clear of member interests with those interests attaching to proceeds. It also intends to terminate or reject member licenses. These are announced intentions; the reviewed docket does not establish approved bidding procedures, a selected purchaser, or a completed sale. Huffman declaration, pp. 12–15
Under the stated proposal, net sale proceeds would be distributed through a liquidation plan or other court order, and the association would ultimately dissolve. The reviewed evidence does not establish confirmed distributions or a quantified member recovery. Huffman declaration, pp. 12–15
Cash management and reserve-account concerns
Huffman reports approximately $1,947,498.74 in cash and cash equivalents, approximately $543,684 in accounts receivable, and an undetermined value for the association’s property interests. The cash figure combines $169,717.37 in cash as of August 31, 2026 with $1,777,781.37 in investments as of July 31, 2026. It therefore should not be treated as a uniformly dated petition-day balance. Huffman declaration, p. 15 and footnote 13
The U.S. Trustee objected to the requested Bankruptcy Code section 345(b) waiver concerning the Merrill Lynch reserve account, arguing that the association had not demonstrated sufficient cause. U.S. Trustee objection, pp. 1–2
The October 2 docket entry records interim cash-management relief effective as of the petition date, expressly subject to paragraph 13 of the order. A final hearing is scheduled for November 5, 2026 at noon Eastern. The order’s detailed conditions and treatment of the objection remain unverified in the available record. October 2 interim-order docket entry
Upcoming dates
The court notice schedules a telephonic meeting of creditors for October 26, 2026 at 1:30 p.m. It also states a November 30, 2026 proof-of-claim deadline for creditors other than governmental units. Court notice, pp. 1–2
The petition docket entry lists a December 21, 2026 Subchapter V plan deadline. Petition docket entry
The proposed wind-down leaves member interests and distributions dependent on further court action. The declaration sets out the association’s intended sale and liquidation process; it does not establish an approved transaction or recovery outcome. Huffman declaration, pp. 12–15
Sources
Huffman declaration, pp. 7–8, 12–15 /documents/0a5f0f1c-2f5c-4d38-b957-4a9644bc1bf8/
U.S. Trustee objection, pp. 1–2 /documents/42213028-d808-4d8a-97cb-ffb191cad428/
October 2 interim-order docket entry /documents/6693385c-f152-4bc6-810f-6887d68ad19b/
Court notice, pp. 1–2 /documents/56a076d6-3565-4884-95ea-2570d0adbe35/
This article was researched and written with AI assistance, using court filings, public records, and news sources. AI-generated content can contain errors. Verify all information against primary sources before relying on it. This is not legal or financial advice. See the disclaimer.