Case filing & court posture: Skyline Tower Resort Vacation Condominium Association Inc. filed Subchapter V chapter 11 on November 15, 2025 in the District of New Jersey. Dkt. 1 Judge Andrew B. Altenburg, Jr. presides. The Association is a New Jersey not-for-profit managing timeshare interests at a 32-story Atlantic City resort.
Liquidity & financing path: The Association obtained interim cash management orders on November 21, 2025 Dkt. 26 authorizing continued use of existing bank accounts and reserve accounts. Final orders were entered on December 18, 2025 -66Dkt. 62 confirming authority to continue cash management and first-day relief.
Restructuring outcome: The Association pursued a Section 363(h) sale of the entire property to maximize value. Dkt. 90 The debtor filed a motion on January 14, 2026 for approval of auction and bidding procedures. Dkt. 134 The Court entered an order on February 10, 2026 approving the auction and bidding procedures.
Sale process & timeline: The property is a 32-story resort comprising 296 residential and 20 commercial units with approximately 8,848 interval owners. The Section 363(h) sale is being conducted through a competitive auction process pursuant to court-approved bidding procedures.
Current status: The case is currently in the Section 363(h) sale process with an active auction. The Association continues operations under Subchapter V protection while the sale is pending, with Holly Smith Miller serving as the court-appointed Subchapter V Trustee.