Roylat Holding Corporation had a financial crisis, Federal Judge Sol Blatt of Charleston placed the Roylat Corporation and Schwab's organization in involuntary bankruptcy. The legal team he appointed to rebuild Sea Pines created two organizations to run Sea Pines: Sea Pines Associates, which owns resort properties, and the Community Services Associates (CSA) which owns, maintains, and secures common property and roads within Sea Pines. CSA runs, for example, a 42-man security department which handles traffic violations and other limited law enforcement functions. In March 2005, ownership passed to the Riverstone Group, a private concern owned by William Goodwin of Richmond Virginia, and the resort was renamed The Sea Pines Resort (dropping "Plantation").