FORM 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~March 6,~~January ~~2009~~13, 2010

Date of Report (Date of earliest event reported)

ILX Resorts Incorporated

Exact name of Registrant as specified in its charter

ARIZONA

(State or other jurisdiction of incorporation)

001-13855		86-0564171
(Commission File Number)		(I.R.S. Employer Identification No.)

2111 E. Highland Avenue, Suite 200, Phoenix, AZ 85016

(Address of principal executive offices)

Registrant's telephone number, including area code 602-957-2777

Item 38.01 ~~Notice~~Other ~~of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing~~Events

~~This~~On ~~Current~~Thursday ~~Report~~January on7, ~~Form~~2010 ~~8-K~~the isCompany ~~being~~stipulated ~~furnished~~ to ~~disclose~~terms ~~that~~in onthe ~~March~~U.S. 6Bankruptcy Court, ~~2009 the~~subject ~~Company~~to ~~received~~a ~~notification~~contingency ~~from~~period ~~NYSE~~which ~~Alternext~~expired ofat ~~its~~the ~~intent~~close toof ~~suspend~~business on ~~trading~~January of12, ~~and~~2010, ~~delist~~which ~~the~~provide ~~Company’s~~that ~~common~~it ~~stock~~will ~~pursuant~~file toa ~~Section~~joint ~~1002(b)~~plan ~~and~~of reorganization ~~Section~~with ~~1003(a)(iv)~~its oflargest ~~the~~creditor, ~~NYSE~~Textron ~~Alternext~~Financial ~~Company Guide~~Corporation. ~~The~~If ~~NYSE~~such ~~Alternext~~plan ~~made~~is ~~its~~approved, ~~determination due to~~ the Company’s ~~filing~~will ofsell ~~Chapter 11 under~~ the ~~U.S.~~majority ~~Bankruptcy Code and low market capitalization~~ of ~~the~~its ~~common stock. The~~assets ~~Company does not intend~~ to ~~appeal the~~Diamond ~~determination~~Resorts Corporation. The ~~Company~~parties ~~plans~~expect to ~~apply~~file towith ~~be quoted on~~ the ~~Pink~~bankruptcy ~~Quote~~court ~~system. A~~the ~~related~~joint ~~press~~plan ~~release~~of ~~issued~~reorganization oncontaining ~~March~~the ~~10,~~details ~~2009~~of isthe proposed ~~attached~~transaction ~~hereto~~in asthe ~~Exhibit~~near 99future.1.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits Exhibit 99.1, Registrant’s Press Release dated March 10, 2009, is furnished pursuant to Item 3.01 of Form 8-K.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934 the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		ILX Resorts Incorporated
Date: March 10, 2009		/s/ Nancy J. Stone
Date: 1/13/10		/s/ Nancy J. Stone
		Nancy J. Stone President

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