such as "Traction Park", "Accident Park", and "Class Action Park". In September 1989, GAR tried and failed to negotiate a deal with International Broadcasting Corporation that would result in the sale of Vernon Valley/Great Gorge, and Action Park, for $50 million. A few rides were closed and dismantled due to costly settlements and rising insurance premiums in the 1990s, and the park's attendance began to suffer as a recession early in that decade reduced the number of visitors. In early 1995, GAR operated Vernon Valley/Great Gorge and Action Park with no liability insurance, instead relying on self-insurance. However, they ultimately purchased liability insurance. As 1995 progressed, GAR's financial woes continued to accumulate, and foreclosure suits started being filed against the corporation. Law firms also sued for compensation for services rendered between 1991 and 1993. GAR negotiated a deal to temporary fend off an impending foreclosure, but in February 1996, the creditors who had taken on GAR's debt petitioned to force GAR into bankruptcy over the $14 million owed by the struggling company. GAR filed for Chapter 11 protection that following March but remained optimistic that they could regain their financial footing "within a year." Action Park closed at the end of the season as usual on Labor Day, September 2, 1996. Despite expecting to reopen the next year, on June 25, 1997, GAR announced the cessation of all its operations, including Action Park. Intrawest era (1998–2010) Following the demise of GAR in 1997, Praedium Recovery Fund purchased the Vernon Valley-Great Gorge resort, and Action Park, for $10 million. The investment group put the company Angel Projects in charge of managing the resort, and aimed to pump in some $20 million to upgrade the ski resort's equipment, trails, and to remodel the water park. Canadian park operator Intrawest purchased the park and neighboring Vernon Valley ski area in February 1998. The Waterworld section of Action Park was revamped and then reopened for the 1998 season as Mountain Creek. The owners, aware of the image problems created during the Action Park era, sought to differentiate themselves from their predecessors. By this time, Mountain Creek was no longer the state's largest water park, nor was it the draw that it was during its original heyday, as other water parks built around the region have since divided the market. Since Intrawest was a ski resort corporation, the water park would be leased out to