On September 25, 2007, Wild Adventures was sold because of bankruptcy requirements. Adventure Parks Group LLC, announced that Cypress Gardens Adventure Park in Winter Haven and Wild Adventures park in Valdosta, Georgia, will be sold to the highest bidder in a private auction starting September 25. The sale fulfilled requirements resulting from a Chapter 11 bankruptcy protection filing by Adventure Parks Group a year ago, but did not mean the end of either theme park. The opening minimum bid for a package purchase of the parks is $53.25 million, Sumner said. The opening minimum bid for Cypress Gardens was $17.4 million and the opening minimum bid for Wild Adventures was $38.85 million. In September 2006, Adventure Parks Group filed for bankruptcy protection from creditors seeking payment for $25 million in debts. Much of the company's financial difficulties can be traced to 2004, when three hurricanes (Hurricane Charley, Hurricane Frances and Hurricane Jeanne) ravaged East Polk County, Florida and left a trail of destruction at Cypress Gardens.