In September 2008, HRP investor Africa Israel Investments decided to write off its entire $10 million investment in the park "due to liquidity difficulties the park is experiencing". Hard Rock Park then announced that they were ending the 2008 season over a month early, laying off most of the employees, and had filed for Chapter 11 bankruptcy protection. At the time of the filing, the park expressed hopes of reopening in 2009; the following month the company announced plans to sell the park. In January 2009, the company converted to Chapter 7.