Iowa Pacific subsidiary: Creditors attempt to force Colorado railroad into bankruptcy

By Thomas Gounley, Business Den; October 28, 2019

Three entities that say they’re owed money by an Alamosa-based railroad currently overseen by a receiver want to force it into bankruptcy.

The San Luis and Rio Grande Railroad,  which hauls freight as well as tourists under the name Rio Grande Scenic Railroad, is being targeted by The San Luis Central Railroad, Ralco and the South Middle Creek Road Association. The three entities, which collectively claim to be owed approximately $1.1 million, filed a Chapter 11 involuntary petition against the San Luis and Rio Grande on Oct. 16.

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