Tagged: ben barry

Gaillardia Club Woes Spawned Phil Herrington Bankruptcy

by Mark Friedman 7/25/2016 12:00 am

Herrington’s $13.45 million Chapter 11 reorganization, filed on March 18, represents one of the largest debt totals in a personal bankruptcy filing in recent years in Arkansas. He listed $5.1 million in assets.

Chambers Bank Lands $2 Million Golden Judgment

by George Waldon 7/25/2016 12:00 am

The latest ruling is one in a string of lawsuits spawned by the bankruptcy of Acme, the parent company of Allied Bank of Mulberry. Under the Golden family’s ownership and management, the bank has lost more than $14 million since 2010.

Trustee Charges Collusion in Allens’ Case

by Mark Friedman 5/30/2016 12:00 am

The trustee in Allens Inc.’s Chapter 7 liquidation has accused some creditors of scheming to buy the Siloam Springs vegetable and food processor out of bankruptcy in 2014 in order to save themselves millions while leaving most creditors holding an empty bag.

All’s Quiet on the Acme Bankruptcy Front

by George Waldon 5/9/2016 12:00 am

The parent company of Mulberry’s Allied Bank marked its second year in bankruptcy last month.

Future of Allied Bank Could Be Decided by June Ruling in Acme Case

by George Waldon 5/25/2015 12:00 am

Three of the largest creditors of Acme Holding Co. recently submitted briefs in support of converting the bank holding company’s Chapter 11 reorganization to Chapter 7 liquidation.

Judge Finds Arvest Violated Bankruptcy Code by Firing Employee

by Arkansas Business Staff 5/4/2015 12:00 am

U.S. Bankruptcy Judge Ben Barry has ordered back pay for David Dwelle of Arkadelphia, who challenged his firing from an Arvest subsidiary because he couldn’t repay a credit card issued by Arvest Bank.

Acme Holding: No Dividends Weigh Heavily

by George Waldon 4/27/2015 12:00 am

Did creditors representing $9.5 million worth of debt convince U.S. Bankruptcy Court Judge Ben Barry that Acme Holding Co. is a lost cause? A ruling in their favor could result in the second auction of an Arkansas bank in three years.

Golden Moments in Acme Bankruptcy Court

by Arkansas Business Staff 4/13/2015 12:00 am

Lex Golden, chairman and CEO of Acme Holding Co., served up some meandering testimony during nearly an hour on the witness stand in bankruptcy court on April 2.

'Redemption' Internet Conspiracy Theory Backfires for 81-Year-Old Fred Neal

by Mark Friedman 9/30/2013 12:00 am

Fred Neal Jr. thought he found a loophole in the law so that he and his wife wouldn’t have to pay their $1.3 million tax bill. In June, he pleaded guilty in federal court to interfering with Internal Revenue Service laws and filing false claims.

Former Razorbacks Coach John L. Smith Gets Discharge in Bankruptcy Case

by Arkansas Business Staff 9/9/2013 12:00 am

It’s still not clear how much Smith’s creditors will receive. The trustee in the case, John T. Lee of Siloam Springs, didn’t immediately return a call for comment. When Smith filed for bankruptcy protection in September 2012, he listed $1.3 million in assets.

Former Razorback Coach John L. Smith Seeks To Limit Public Access to Bankruptcy Documents

by Arkansas Business Staff 2/25/2013 12:00 am

Upon further review, John L. Smith decided to withdraw a request that would have allowed his or his former business partners’ attorneys to decide which documents tied to his Chapter 7 bankruptcy case would be marked confidential.