Scandal, Tragedy, Big Bankruptcies Among 2010's Top Online News Stories

by Lance Turner  on Monday, Dec. 27, 2010 12:00 am  

Big bankruptcies drove most of the news traffic to ArkansasBusiness.com throughout the year. And the biggest of the stories came out of northwest Arkansas.

No one better typified the go-go attitude of the real estate bubble than 34-year-old developer Brandon Barber, who, after developing the seven-floor, 37-unit condo project in downtown Fayetteville called the Legacy Building, filed a $16 million Chapter 7 bankruptcy in May 2009.

Arkansas Business tracked the Barber story from rise to fall. But it was a Dec. 6 cover story on his two-day bankruptcy hearing in September that attracted the most readers with eyebrow-raising details like a briefcase containing $30,000 in cash and a claim that he made $400,000 a year when a later statement showed he took in only $28,000.

Another high-profile bankruptcy attracted significant readership, that of John David Lindsey's $169.9 million Chapter 7 bankruptcy, filed in February. Lindsey, a Fayetteville real estate developer and son of Jim Lindsey, blamed the economic slowdown for his troubles.

 

 

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