Beth George has been running the resort for the last 32 years, but the limitations caused by the COVID-19 lockdown have forced her to file for bankruptcy.
Payless ShoeSource is preparing for its second bankruptcy, which could come as soon as within two weeks, a person familiar with the situation told CNBC.
Even though billionaire Eddie Lampert won a bankruptcy auction after strengthening his bid in several days of negotiations with Sears' creditors, the store at CherryVale will shutter in March.
It's been that kind of month in Rockford. Earlier in April, electronics retailer hhgregg announced they were seeking bankruptcy protection in the hopes of finding a buyer for their 220 stores. A few days later, they announced that a buyer couldn't be found.