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Frank Falkner

Banking & Finance / Construction / Industry

Paragould Convenience Store Files for BankruptcyLock Icon

Detco Inc., which does business as North Point 66, listed $2.77 million in assets in its filing in U.S. Bankruptcy Court for the Eastern District of Arkansas.  read more >
Matt Bishop, a Fayetteville attorney who has filed suit against merchant cash advance companies, says their non-loan approach to financing “kind of took off as a lot of states started shutting down payday lenders.”
Banking & Finance / Business Services / Health Care

Merchant Cash Advances Draw FireLock Icon

Desperate businesses that turned to merchant cash advance companies for rescue found their lifeline shackled to high interest rates, hidden fees and long-term debt, several lawsuits claim. read more >
In 2018, Wayne Caldwell Sr. transferred ownership of his house at 5 Cambridge Place in Dumas to his fiancée, Patricia D. Thompson, for $200,000, according to bankruptcy filings.
Agriculture & Poultry / Banking & Finance / Business Services

In Bankruptcy, Caldwell Admits Selling Property but Denies FraudLock Icon

A Dumas agribusinessman who admits to selling property used as security for millions of dollars in bank loans expects to be charged by federal prosecutors, but as of Wednesday he was still waiting. read more >