Court: State can pursue ex-billionaire bankruptcy
BILLINGS — Montana’s bid to force ultraluxury resort founder Tim Blixseth into bankruptcy and make him come up with $57 million in purported back taxes has been resurrected by an appeals court ruling in the case.
A three-judge panel of the 9th U.S. Circuit Court of Appeals overruled a lower-court ruling Monday and said Nevada is the proper venue for the case.
Mr. Blixseth, a onetime billionaire who lives in Washington state, is thought to have most of his assets in a Nevada-based trust.
He promised an appeal on Tuesday.
The ruling comes after a Dec. 5 order that Mr. Blixseth pay $41 million to creditors from the Yellowstone Club, the private ski resort he founded near Big Sky.
• From wire dispatches and staff reports
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