Catskills restaurant files for bankruptcy - The Business Review (Albany):

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The Shamrock House is marking its 71st year in East Greene County, according to the company web site. It’sd unclear if the business intends to remain open as it restructures its debts inbankruptc court. A woman who answeree the phone today said thecompany president, John J. Kellegher, is referriny questions to his attorney. The attorney, Richarxd Croak in Albany, was out of the office and unavailabl efor comment. Greene County Tourism Director Daniela Marino saidshe didn’t know what the business planw to do. She said the Shamrock House is an exampls ofthe older, traditional resorts in the Catskillw that have an ethnic theme. “It’s been a very tough Marino said.
“The economy being what it is, unfortunatel y these things may happen.” Another resory in Greene County, the much-large r , filed for bankrupth protectionin June. It will continue operatiny while its owners search fora buyer. Despit e the setbacks, Marino said there are successfup resorts inthe “We’re pretty optimistic because most of the hotelss and restaurants have been able to she said. The Shamrock Hous e has $500,000 to $1 million in liabilities and lessthan $50,00p0 in assets, according to a petition filed June 29 in in The largest secured claim is a $514,0965 mortgage.
The lender isn’tt identified in the The largestunsecured claim, $49,000, is held by The second largest is held by , $39,112, for credig card charges.