By Grace Leong
<gracel@lasvegassun.com>
LAS VEGAS SUN
September 14, 2001
The largest creditor of Las Vegas' bankrupt Vacation Village asked a court Thursday to stop the hotel-casino from
making what it called "unauthorized" payments to its owners and managing partners, the Heers family.
Foothill Capital Corp., in Bankruptcy Court papers filed July 20, said it discovered Vacation Village had allegedly
without explanation or court approval been making such payments to several professionals -- many of whom are Vacation
Village insiders and relatives of insiders.
Foothill said Vacation Village consistently failed to timely file operating reports, but finally did so on June
8 only after it was threatened with a motion by the U.S. bankruptcy trustee to convert Vacation Village's Chapter
11 reorganization filing to a Chapter 7 liquidation.
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