Case filing & court posture: Fairfield Williamsburg Property Owners Association, Inc. filed Chapter 11 Subchapter V on December 5, 2025, in the U.S. Bankruptcy Court for the Eastern District of Virginia (Case No. 25-51179-SCS) before Judge Stephen C. St. John. Dkt. 1
Liquidity & financing path: The Association held approximately $16.8 million in cash at filing but faces an estimated $34 million in required repairs and capital improvements through 2030, plus $67.3 million in projected 30-year reserve costs. Dkt. 4 Insurance carriers non-renewed property and casualty coverage effective January 1, 2026. The debtor obtained interim and final orders authorizing continuation of existing cash management systems. Final order entered January 29, 2026. Dkt. 124
Restructuring strategy – Section 363(h) sale: The debtor is pursuing an asset sale of the entire Fairfield Williamsburg timeshare resort property located in Williamsburg, Virginia (220 House of Burgesses Way), comprising 41 buildings with 196 units and 10,192 timeshare estates. Dkt. 134 Motion to approve bidding procedures and authorize sale free and clear of liens filed February 5, 2026, with bid deadline May 8, 2026, and auction scheduled May 19, 2026.
Plan status & timeline: Subchapter V Plan required by March 5, 2026. Dkt. 48 No plan confirmation order has been entered. Omni Agent Solutions, Inc. retained as claims and noticing agent effective December 5, 2025. Dkt. 5
Current posture: Case actively proceeding with focus on Section 363(h) sale process. Section 363(h) adversary proceedings anticipated to address co-owner interests. Professional counsel (Spotts Fain PC, K&L Gates LLP) retained. Subchapter V Trustee Paula S. Beran appointed December 8, 2025. Dkt. 12