in 2009 yellowstone club founder tim blixseth sued credit suisse when the bank attempted to collect on $286 million in loan debt during yellowstone's bankruptcy proceedings. the debtor had borrowed more than $300 million for the business, but used a large portion of it for personal use before eventually filing for bankruptcy. four lawsuits were filed from other resorts seeking $24 billion in damages alleging credit suisse created loans with the intention of taking over their properties upon default.