💥New Chapter 11 Bankruptcy Filing - Glenwood Caverns Holdings, LLC💥
Tragic accident forces small Colorado amusement park into Delaware bankruptcy court
On February 9, 2026, Colorado-based Glenwood Caverns Holdings, LLC (the “debtor”) filed a chapter 11 bankruptcy case in the District of Delaware (Judge Silverstein). The debtor owns and operates an amusement park in Glenwood Springs, CO, which is “… a several-hour drive over the Rocky Mountains to the Denver metropolitan area.”
It’s also at 7.1k ft above sea level.
And “accessible” solely by gondola (think 🚠, not 🛶).
Indeed, it is, per CRO, first day declarant, and Macco Restructuring Group, LLC’s Paul Maniscalco, “… the only mountaintop amusement park in the United States.”
No wonder only ~200k people visit the debtor’s six-rides, three-cave-tours operation each year.*
The guest count, however, isn’t the problem. This is where we arrive at the absolutely awful, tragic part of the debtor’s tale, as told by Mr. Maniscalco:
“On September 5, 2021, a 6-year-old girl and her aunt and uncle boarded the Haunted Mine Drop at the Park. The Haunted Mine Drop (the ‘HMD Ride’) was a ride on which passengers drop 110 feet into a mine shaft…
After boarding the HMD Ride, [the six-year-old] Wongel Estifanos sat on top of the two lap belts the HMD Ride used to secure riders. The two ride operators did not recognize this fact before starting the ride. Wongel Estifanos was not properly secured and, when the ride began to operate, fell to the bottom of the mine shaft and died.”
We told you. Unimaginable.