Remember the FDIC judgments landed against the son and daughter of Lex Golden, former CEO of now-bankrupt Acme Holding Co.?
The outstanding balance of that $324,632 summary judgment from January 2015 against Amy Golden McCay is now part of her recently filed Chapter 7 bankruptcy.
She is the third member of the Golden family to file bankruptcy this year. Her parents, Lex and Ellen Golden, filed in February.
In all, McCay claims $447,463 in liabilities and $329,359 in assets.
Her two largest debts listed are $189,658 and $88,636 owed to the FDIC as receiver of Atlanta’s Silverton Bank, which was shuttered by regulators in May 2009.
The awards in U.S. District Court in Atlanta can be traced back to loan defaults and include judgments against the siblings as trustees of their children’s trusts.
The Silverton loans were originated on Jan. 18, 2008, and matured on Jan. 13, 2013.
We were told the delinquent loans were tied to the purchase of stock in Acme Holding, parent company of Allied Bank of Mulberry (Crawford County). The insolvent bank, led by her brother, Alex, and her father, was closed by regulators last September and reopened as part of Today’s Bank of Huntsville.
Also listed among McCay’s debts is $55,000 owed on a line of credit with Allied inherited by Today’s Bank.
McCay was once part of the Allied management, too. She was serving as vice president when she left the bank in 2013 amid regulatory scrutiny over her duties and her salary.
