Whitecap Mountains Resort in Upson in Iron County, and its parent company, Midwest Skiing Company, filed for Chapter 11 bankruptcy mid-week last week due to a $1.86 million foreclosure and mounting debt from two seasons of historically low snowfall, including the state’s warmest winter on record. A nearly 90% drop in natural snow, from 260 inches in 2022-2023, caused revenues to plummet 86%, from $1.4 million to $197,000. A federal judge under the bankruptcy filing has allowed operations and employee pay to continue. A final court hearing is scheduled for Jan. 20.