- Associated Press - Sunday, December 16, 2018

NEWFANE, Vt. (AP) - A New Jersey-based financial company is looking to recoup nearly $700,000 from a private Vermont ski club after it defaulted on a lease.

A default judgment for a writ of attachment was ordered in Hartford, Connecticut on Nov. 28. The Brattleboro Reformer reports the Hermitage Club and its founder Jim Barnes failed to plea and did not present a defense against NEC Financial Services LLC.

The Hermitage was ordered to pay about $697,141 plus interest at a rate of 12 percent per year.

The club has faced a myriad of financial problems, including the foreclosure of properties like its private ski resort and golf course this year.

Hermitage officials have been hopeful that a $25 to $30 million loan would help reopen their Haystack Mountain resort this winter.

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