Elk Run is in Subchapter V with confirmation timing deferred while the estate pursues a real estate sale process. The association filed on January 20, 2026, reporting 22 creditors, estimated assets of $1 million to $10 million, estimated liabilities of $100,001 to $500,000, and an original Subchapter V plan deadline of April 20, 2026 in its Subchapter V petition [Dkt. 1].

The case was filed to address a property-level funding problem at the Elk Run Townhouses, an 18-unit Pagosa Springs timeshare community with aging capital needs and a member-funded assessment base. Management described the Chapter 11 as a vehicle for a planned liquidation and sale of the property, rather than a balance-sheet refinancing or operating turnaround, in the first-day declarationDkt. 13.

The sale track has now overtaken plan timing. On April 29, the court approved Elk Run’s retention of Hilco Real Estate as real estate agent, effective April 1, authorizing Hilco to market and sell the property while reserving compensation approval under section 330 in the Hilco employment orderDkt. 136. The next visible case milestone is an August 20, 2026 status conference after the court deferred issuance of a confirmation scheduling order in the confirmation-deferral orderDkt. 139.