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All Seasons Bankruptcy AGAIN (STILL?)
- "Bad Faith Filing" -
6/25/98 - After at least 11 years of bankruptcy in California, the All Seasons parks, owned and controlled by Mr. Ray Novelli (according to records in California) are in bankruptcy again! This time in Michigan - under the name of "The Apollo Group", a company also under the control of Mr. Ray Novelli (again, according to records in the California bankruptcies).
The Michigan bankruptcy has been dismissed with a finding by the Judge of "Bad Faith". Several personalities participating in the Ohio bankruptcy of Thousand Adventures were mentioned. Additional details will be provided in our next newsletter and will also be made available to other interested parties.
This is important to Thousand Adventures members because the All Seasons parks are alleged to be part of the supposed "Merger" hyped by Travel America in order to make membership in that system more attractive to TAI members.
Our Members' Committee intends to establish contact with the California attorney that represented All Seasons members in the California bankruptcies.
This scheme is an apparent effort to cement an arrangement where the membership contracts are separated from the parks and subordinate them to Travel America - also owned/controlled by Mr. Ray Novelli, his business partners/family members.
Documents on file in the Michigan bankruptcy allege that bankruptcy was filed in bad faith; that FRAUD was enabled by the filing of FALSE and MISLEADING INFORMATION to that court and other parties in interest; that the identity of the debtor was unclear and was intentionally obscured; that the debtor engaged in a complicated scheme with the apparent purpose of siphoning cash from the debtor and affiliated debtors to Travel America; and that the "debtor's designated representative, Steven Alleman, knows nothing about the debtor or its history, and serve (d) no apparent purpose other than to further the fraudulent scheme..."
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