Citing annual losses of more than $1 million in recent years, the owners of Pasadera Country Club in Montery, Calif. plan to file for bankruptcy reorganization.

According to the Montery Herald, Pasadera Country Club, LLC, had been in discussions with the Trump Organization last year about a potential sale, but the deal fell through in December over loan conditions and the threat of lawsuits.

David Armanasco, whose firm was handing inquiries, says in the article that several other buyers expressed interest in the operation, but declined because of the risks of litigation. The bankruptcy filing won’t affect operations for club members, he added, and staffing levels will remain intact.

Pasadera Country Club owes its creditor approximately $8 million, but the group is current on its loan payments. The goal, said Armanasco, is to allow membership operations to continue normally while the partners work to find an investor or buyer to take over operations.