Case filing & court posture: The Falls Condominium Property Owners Association, Inc. filed a Subchapter V chapter 11 petition on December 19, 2025 in the U.S. Bankruptcy Court for the Western District of Missouri (Case No. 25-60870). Dkt. 1 The Honorable Brian T. Fenimore presides over the case. Norman E. Rouse was appointed as Subchapter V Trustee. Dkt. 15
Restructuring driver & liquidity: The Association faces projected capital expenditure requirements of approximately $10.8 million through 2053 for the Fairfield at the Falls timeshare property in Branson, Missouri, which exceed the Association's ability to fund through owner assessments. Dkt. 9 At filing, the Association carried no funded debt, held approximately $997,000 in cash and cash equivalents, plus approximately $205,000 in accounts receivable, with 2025 projected revenue of approximately $2.4 million from maintenance fees.
Restructuring path: The Association intends to pursue a Section 363(h) sale of the entire property free and clear of member interests, with such interests attaching to the proceeds of sale subject to Bankruptcy Court distribution. Dkt. 9 No postpetition financing is required as operations continue to be funded through existing cash and owner assessments.
