The Nevada National Bank requested in early 1986 that the bankruptcy be converted to a liquidation proceeding to pay off creditors, stating that the Landmark's bankruptcy reorganization plan could not succeed. Morris said he would have to cancel his reorganization plan and lay off 700 to 800 Landmark employees if a bankruptcy court did not allow the resort to abandon its union labor contracts. Part of Morris' reorganization plan involved cutting employee wages by 15 percent, including his own yearly salary of $145,000. The pay cut would give the Landmark an additional $6,500 per month, which would allow the resort to make its mortgage payments. Morris hoped to increase the hotel's room count after the resort's eventual emergence from bankruptcy, with additional financing from a national franchise hotel chain. He hoped that the Landmark would be out of Chapter 11 bankruptcy by March 1, 1986, although it would ultimately remain in bankruptcy for the rest of its operation.