Current posture

What matters now

Glenwood Caverns is pursuing an operating-preservation Chapter 11 case centered on cash-collateral access, with no plan, sale process, or new-money DIP facility reflected in the provided record. The debtor operates the gondola-accessed Glenwood Caverns Adventure Park in Glenwood Springs, Colorado, a highly seasonal business whose peak revenue falls between April and October. The case began on February 9, 2026, when the debtor filed its voluntary Chapter 11 petition Dkt. 1 after a $116.1 million tort judgment arising from a 2021 fatal ride accident created an immediate collection and liquidity crisis; the debtor states that the judgment exceeded its $5 million insurance limit and that it intends to pursue an appeal. The first-day declaration Dkt. 10 identifies approximately $12.7 million in funded debt to Community Banks of Colorado, secured by a first-priority lien on substantially all assets. To keep the park operating through its seasonal cycle, the debtor sought interim and final authority to use the bank's cash collateral under a 13-week budget, coupled with continued debt-service payments, replacement liens, superpriority protection, and budget-variance controls. The cash-collateral motion Dkt. 9 thus…

Updated Aug 9, 2026