Skip to Content

Former billionaire suing Montana over forced bankruptcy

Associated Press

HELENA, Mont. (AP) — Former billionaire Tim Blixseth has filed a lawsuit against Montana’s Department of Revenue seeking hundreds of millions of dollars in damages along with attorneys fees after a federal judge ruled the state wrongfully tried to force him into bankruptcy to collect back taxes. A Department of Revenue spokesperson says the agency is aware of the complaint, but had not seen it as of Thursday. Blixseth was the co-founder of the Yellowstone Club, a resort community for the ultrarich, that later filed for bankruptcy protection. The state said Blixseth owed taxes on some of the proceeds of a $375 million loan to the Yellowstone Club that Blixseth used for personal expenses.

Article Topic Follows: AP California

Jump to comments ↓

Author Profile Photo

The Associated Press


News Channel 3-12 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content