UPDATE: Brandon Barber Arrested; Nevada Seeks Extradition for Hot Checks

by Worth Sparkman  on Tuesday, Jun. 22, 2010 1:49 pm  

Mugshot of bankrupt northwest Arkansas developer Brandon Barber from the Washington County Sheriff's Office website

If a settlement is not reached, a hearing in U.S. Bankruptcy Court is scheduled with Judge Ben Barry on Thursday morning to determine if the criminal charges will be quashed.

Legacy of Trouble

Barber was part of the Barber Group, whose premier development and only completed large-scale project was The Legacy Building in Fayetteville. Legacy National Bank foreclosed on the building in 2008.

Now all four of the original guarantors on the building's $16.7 million mortgage -- Barber and his estranged wife, Keri; and Seth K. Kaffka and his ex-wife, Laura P. Chambers -- have filed for Chapter 7 bankruptcy, three of them within a week of each other in May 2009.

Brandon and Keri Barber's divorce was working its way through court last fall while the couple worked on custody and financial issues. But Brandon Barber's bankruptcy proceeding made matters more complex.

Keri Barber and Laura Chambers are sisters and daughters of Chambers Bancshares Inc. Chairman John Ed Chambers III. Brandon Barber and Seth Kaffka are high school buddies from Jonesboro. At least two of the four have resorted to paying lawyers with jewelry.

Brandon Barber was the last to file his personal bankruptcy, on July 31. He claimed nearly $48 million in liabilities.

Barber is embroiled in a lawsuit with Legacy National Bank of Springdale over the foreclosure of the Legacy Building in Fayetteville and his company Lynnkohn LCC recently declared bankruptcy

 

 

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