Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Barber lists assets, liabilities for bankruptcy.


Fayetteville developer Brandon Barber filed documents Sept. 11 disclosing his assets and liabilities, as required by his Chapter 7 bankruptcy petition filed July 31.

In the filing, Barber lists $90,788 in personal property, including $46,638 in an individual retirement account, $17,000 worth of furniture in his New York and Fayetteville apartments and about $23,000 in accounts receivable from Dallas Real Estate, John Bracey and Mitchell Massey.

Barber's filing lists liabilities of $53.2 million, including a $6.5 million debt to his father-in-law, John Ed Chambers.

According to the filing, Barber is currently employed by NWARE Investments LLC. Barber's attorney, K. Vaughn Knight, is listed as the registered agent for NWARE.

Barber reports a monthly income of $283.23 and average monthly expenses of $1,880, including a $1,000 rent payment.

The filing also lists Barber's properties that will be surrendered to creditors, including several lots in the Belclaire subdivision in Fayetteville.

The site of the proposed Divinity Hotel on Dickson Street in Fayetteville will be surrendered to Huntsville-chartered First State Bank of Northwest Arkansas to satisfy a $5.5 million debt.

A detailed story about The Barber Group and its former principals was published by the Northwest Arkansas Business Journal on Sept. 7. Barber is scheduled to meet with his creditors on Sept. 21.

COPYRIGHT 2009 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:developer Brandon Barber filed bankruptcy
Comment:Barber lists assets, liabilities for bankruptcy.(developer Brandon Barber filed bankruptcy)
Author:Patton, Susannah
Publication:Arkansas Business
Article Type:Brief article
Geographic Code:1U7AR
Date:Sep 21, 2009
Words:220
Previous Article:Plant closing in Searcy; expansion in Forrest City.
Next Article:Park Avenue development snags Target as anchor.
Topics:



Related Articles
Bankruptcy mystery.
Court blasts Mystery.
More mystery news.
It's no mystery.
Barber denied.
Developer bankruptcy.
Barber files bankruptcy, claims $47.8m in debts.
Developer DeHaven files for Chapter 7 liquidation.
Barber asked for more info in bankruptcy filing.
Barber battles.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles