Diamondhead Casino Corporation is currently undergoing an insolvency process following a Chapter 7 Involuntary Petition filed against it by several parties, including Edson Arneault, John Hawley, and others. The petition, which sought a total of $2,422,500, was initially served in June 2024. Despite Diamondhead's efforts to dismiss the petition or convert the case to Chapter 11, the court denied these motions. On July 31, 2025, the court granted the Chapter 7 Involuntary Petition, effectively ordering the liquidation of Diamondhead Casino Corporation's assets. Subsequently, a notice was filed on August 1, 2025, for the selection of an Interim Trustee/Trustee to oversee the asset case of the estate. The appointed trustee must confirm their acceptance of the case within five days. This marks a significant step in the liquidation process of the company.
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