The Guam Marriott Resort has been forced into voluntary bankruptcy after the Guam District Court refused to dismiss a case against it.
In April, creditors including National Union Insurance, South Korea-based VSST Co. and J&B Modern Tech filed to have UFB Guam Hotel Corporation, which owns the hotel, placed involuntarily in Chapter 11 bankruptcy.
Chapter 11 would allow the hotel to continue to operate with rehabilitation or reorganization.
The creditors stated in court papers, the Tumon hotel company owes them more than 6.25 million US dollars.
In a response filed in May, UFB asked the judge to dismiss the case, saying it disputed the amount owed and the creditors have other avenues available to them.
A hearing on the issues has been scheduled for next month.
