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KiS Golf files for bankruptcy, leaving customers out thousands
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Published: December 18, 2008
KiS Golf filed for Chapter 7 bankruptcy on Monday, leaving customers out thousands of dollars.
Headquartered in Nashville, Tenn., KiS Golf had two locations in the Charlotte area: Concord Mills Mall and Carolina Place Mall. Both locations are now closed.
The Better Business Bureau of Southern Piedmont has received 19 complaints filed against KiS Golf by local customers who pre-paid or financed lifetime golf club memberships. These memberships included travel opportunities, reciprocal play at golf clubs, golf lessons and much more. The average price paid by customers for the custom golf memberships ranged from $4,800 - $19,000.
Many KiS Golf customers financed their golf packages through GE Money or Wells Fargo Bank.
KiS Golf had originally filed for Chapter 11 bankruptcy in November 2008, but then converted to Chapter 7 bankruptcy and closed on Dec. 15. The KiS Golf customers who financed their memberships through GE Money and Wells Fargo could be held responsible for paying off the loans for the golf memberships they purchased, unless the bankruptcy court rules otherwise.
KiS Golf customers who paid by credit card should contact their credit card company to see what buyer protection they may have for goods and services purchased, but not received. Customers who paid by cash, check or debit card will be less likely to recoup the money they paid.
Certain types of businesses are required to post a surety bond to operate in N.C. This bond protects customers in the event of the company's default. KiS Golf is not one of the types of businesses where surety bonds are required, so customers who lost money have little recourse.
For more information, please visit www.bbb.org or call the BBB (toll-free in NC and SC) at 1-877-317-7236.
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