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M. Randy Rice

Banking & Finance / Industry / Retail

Siloam Springs Resale Company NR Group Faces BankruptcyLock Icon

A resale consumer products company based in Siloam Springs recently filed for Chapter 7 bankruptcy liquidation and listed $8.08 million in debt.  read more >
The Brinkley headquarters of Turner Grain Merchandising Inc. and its related companies.
Agriculture & Poultry / Banking & Finance / Business Services / Investments / Legal

$4M Settlement Approved in Turner Grain CaseLock Icon

Creditors in the bankruptcy case of Turner Grain Merchandising Inc. of Brinkley received some good news last month. read more >
Nathan Price and his Arkadelphia insurance agency are moving forward.
Banking & Finance / Insurance / Legal

Rice Cuts Price from Alliance Insurance Bankruptcy CaseLock Icon

Last month the Chapter 7 trustee for the bankrupt Alliance Insurance Group of Arkadelphia Inc. dismissed its suit against Nathaniel Price. read more >
Alliance Insurance Group of Arkadelphia, which had 21 employees, filed for Chapter 7 bankruptcy liquidation on May 30, 2018, listing $5.5 million in assets and $8.2 million in debts.  Its owner, Berry Bishop, is serving a prison sentence for bank fraud.
Banking & Finance / Legal / Small Business

Trustee Sues Alliance’s Officers for $7.3M

Officials of a bankrupt Arkadelphia insurance agency ignored red flags indicating owner Berry Bishop was committing bank fraud, according to a trustee suing to recover $7.3 million. read more >
The Brinkley headquarters of Turner Grain Merchandising Inc. and its related companies.
Agriculture & Poultry / Banking & Finance / Legal

$5.6M Awarded in Turner Grain ArbitrationLock Icon

There’s some good news to report for creditors in the bankruptcy case of Turner Grain Merchandising Inc. of Brinkley. read more >
The Brinkley headquarters of Turner Grain Merchandising Inc. and its related companies.
Agriculture & Poultry / Banking & Finance / Business Services / Insurance / Investments / Legal / Transportation

Grief, Pain and the Fall of Turner Grain

With his father’s death in late 2013 and stress contributing to his losing some 60 pounds in 30 days, Turner Grain Merchandising Inc. co-owner Jason Coleman said he was in no condition to run his company in the months leading to its collapse in August 2014. read more >
The Brinkley headquarters of Turner Grain Merchandising Inc. and its related companies.
Agriculture & Poultry / Banking & Finance / Business Services / Investments / Legal / Transportation

Trustee: Turner Grain Transferred $100M to Related Firms

Turner Grain Merchandising Inc. of Brinkley transferred nearly $100 million to its related companies a year before it filed for bankruptcy protection, according to lawsuits recently filed by its Chapter 7 trustee. read more >
Steve Clary
Banking & Finance / Legal / Real Estate

Steve Clary Bankruptcy Case Remains Open

Although Clary’s bankruptcy filing doesn’t indicate all the creditors that have been paid or what the current debt level is, that doesn’t mean that Clary hasn’t reduced the debt, according to Joshua Silverstein, a professor of law at the University of Arkansas at Little Rock’s Bowen School of Law. read more >
Investments / Legal / Media & Marketing

Equity Media’s Bankrutpcy Trustee Scores $47.4M Verdict Against Former CEO Luken

Federal court jury finds that the transfer of Equity's Retro Television Network to former chairman and CEO Henry Luken for $18.5 million "was a constructively fraudulent transfer." read more >