Hualapai corporation seeks bankruptcy protection

FLAGSTAFF, Ariz. (AP) — The Hualapai tribal corporation that managed the Grand Canyon Skywalk has filed for Chapter 11 bankruptcy protection after a federal judge upheld a $28 million judgment in favor of the Las Vegas developer who built the glass bridge. Sa' Nyu Wa contracted with David Jin in 2003 to share revenue from the Skywalk that gives visitors a view of the Colorado River from beyond the edge of the canyon on the Hualapai reservation. The corporation has assets of up to $10 million from ticket sales but owes creditors as much as $50 million, court documents filed late Monday show. Read More at:http://www.businessweek.com/ap/2013-03-06/hualapai-corporation-seeks-bankruptcy-protection