PORT LUDLOW — The parent company of resort developer Port Ludlow Associates has filed for reorganization under chapter 11 of the federal bankruptcy statute.

HCV Pacific Partners of San Francisco filed Friday in Northern California U.S. Bankruptcy Court to undergo corporate restructuring.

The company purchased Port Ludlow Resort in 2000 for $16.7 million.

HCV officials and their attorneys did not return phone calls seeking comment Monday.

During a Monday hearing in San Francisco, a bankruptcy judge set aside a hearing on the matter until March 11.

Carol Saber, president of the Port Ludlow Village Council, was surprised to hear about HCV’s move.

“We will certainly be talking about it at our March 4 meeting,” Saber said Monday.