Last week, Consolidated Resorts filed for bankruptcy.

According to the most recent reports, the management company of the 13 existing properties will not be affected by the bankruptcy filing.

Current owners are not left with nothing for their investments. Resorts in Hawaii, Las Vegas, and Orlando are still operational. Reports say that front desks continue service to assure owners that they will not be abandoned.

Owners can stay at their property and they can still continue to deposit their checks to the exchange company, Interval International.

“And other Interval members can continue to trade in to Consolidated’s resorts,” said a spokesperson from Interval International. The bankruptcy filing of the parent company has no impact on the management and operations of the existing properties and the timeshare owners.

However, sales and marketing operations have been bought to a halt.

Vacationers who recently reserved for hotel accommodations for the parent company’s promotional getaway excursion should double check the status of their reservation.

Source: Examiner.com