Bank OZK of Little Rock is involved in a court battle over a landfill purchase that has generated opposing circuit court rulings and raised questions about whether Arkansas taxpayers can be required to bail out holders of revenue bonds. read more >
Generations Bank has filed a foreclosure suit in Benton County Circuit Court against a former Gravette mayor who ran a since-closed restaurant. read more >
The early stages of the Chapter 7 bankruptcy of Lex and Ellen Golden have had a revolving door quality. read more >
The trustee for Little Rock developer Philip Herrington withdrew a request last week that his bankruptcy be converted from reorganization to Chapter 7 liquidation. read more >
In 2013, the year he turned 26, Brandon Woodrome's Fort Smith construction company generated $10.2 million in revenue, and Woodrome had a number of projects in the pipeline. But things weren’t what they seemed. read more >
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. read more >
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. read more >
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. read more >
The parent company of Mulberry’s Allied Bank marked its second year in bankruptcy last month. read more >
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. read more >
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. read more >
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. read more >
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. read more >
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. read more >
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. read more >
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. read more >
