In 2010, rumors spread of severe debt and financial troubles on the part of the owners, the Plausteiners. In October 2010, the
State of Vermont admitted that Ascutney Mountain had not yet filed for lift inspections, and the resort did not open for the 2010 winter. Despite the closure of the ski operations, the resort hotel at the base of the mountain, a Holiday Inn affiliate, continued to operate.
Holiday Inn Club Vacations had no ownership ties to the ski operation. Following a protracted legal battle, Dan Purjes of MFW and Mark Blundell of UTVT, the principal lien holders on the property, assumed ownership as the only bidder at an auction of the resort's assets in November, 2013. The
high speed quad, known as the "North Peak Express," was sold to
Crotched Mountain, which installed it in 2012. The Triple Chairs were removed in 2014 and sold to
Pats Peak ski area in Henniker, N.H. In 2017, Pats Peak re-installed the Snowdance Triple Chair, a
CTEC Triple Chair that had operated as backup for the North Peak Express Quad, as the Peak Triple to replace a 1962
GMD Mueller Double Chair. On January 8, 2015, the ski lodge burnt down. ==Ascutney Outdoors==