02/08/10 - Madison County
By: ABC 7
Eyewitness News Staff
abc7news@wbbjtv.com
abc7news@wbbjtv.com
9:18 p.m.
The 54 page filing outlines its $1,238,558.76 in liabilities. The 20 largest unsecured claims include a $196,936.84 unpaid bill to Rhodes Supply Company in Murray, Ky., a $124,595.61 debt to Fastenal based in Winona, Minn. and debts to five Jackson companies.
The paperwork shows SBBI has $811,190 total assets. That figure includes a $200,000 unpaid bill by Brantley Development, LLC. A side note on that accounts receivable entry says "May not be collectable."
In a new filing in United States
Bankruptcy Court, Monday, Summit-Brantley
Building Innovations declared the amount it
owes to its 128 creditors.
The 54 page filing outlines its $1,238,558.76 in liabilities. The 20 largest unsecured claims include a $196,936.84 unpaid bill to Rhodes Supply Company in Murray, Ky., a $124,595.61 debt to Fastenal based in Winona, Minn. and debts to five Jackson companies.
The paperwork shows SBBI has $811,190 total assets. That figure includes a $200,000 unpaid bill by Brantley Development, LLC. A side note on that accounts receivable entry says "May not be collectable."
On January 22, SBBI filed Chapter 11
bankruptcy. At that time, president and CEO
Bardo Brantley said in a statement through
his attorney that his goal was to reorganize
and repay wages due to employees. The
company employed more than 100 people in
Lexington and Jackson.