BILLINGS – Court filings show Yellowstone Club owner Edra Blixseth is more than $150 million in debt, with most of her many houses, cars and other belongings put up as collateral on overdue loans.
Blixseth sought personal bankruptcy protection last month to stave off her creditors. A list of finances filed minutes before a midnight deadline on Wednesday show she has $157 million in debts, $107 million in assets and zero income last year.
The mountain haven for the rich that Blixseth co-founded with her former husband was put under federal bankruptcy protection last November, and her other business enterprises are foundering.
She’s trying to unload the Yellowstone Club for at least $100 million to Sam Byrne of CrossHarbor Capital Partners LLC of Boston. That’s well short of the club’s more than $400 million in debts.
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