Calling in Clary.Another creditor is suing Little Rock developer Roger "Steve" Clary. This time it's BancorpSouth Bank of Tupelo, Miss., which claims he defaulted on a nearly $250,000 loan he took out in March 2002, according to a lawsuit it recently filed in Pulaski County Circuit Court. As of the end of April, he owed $103,000 with interest accruing at about $15 a day, the lawsuit said. That's relatively small beer, considering the roughly $23 million in suits other creditors have filed against Clary since the summer of 2008. In the event Clary cannot pay, BancorpSouth wants a judgment allowing it to liquidate the collateral Clary put up: 80 shares of Clary Cos. Inc. stock and a $500,000 life insurance policy. A call seeking comment from Clary was not immediately returned. Nor was an earlier one seeking comment on more than $411,000 in property tax delinquencies on Clary's Shackleford Crossings LLC. |
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