Lindsey manager files for personal bankruptcy with liabilities $100 to $500 million
Posted: February 22, 2010 at 6:45 p.m.
John David Lindsey
The principal broker and general manager for one of Northwest Arkansas’ leading real estate companies filed for personal Chapter 7 bankruptcy Saturday, Feb. 20 estimating his liabilities could total $100 million to $500 million, according to court documents.
John David Lindsey, general manager of Lindsey & Associates since 1998, filed the voluntary petition through Fayetteville attorney Jill Jacoway. The U.S. Bankruptcy Court system uses electronic filing, which allows for authorized court filings at any time, according to a court clerk.
Chapter 7 bankruptcy allows for liquidation of assets to satisfy outstanding debts. Lindsey, of Fayetteville, filed for individual bankruptcy but marked the debt as primarily business debts.
Read more about the case in tomorrow's Arkansas Democrat-Gazette (1D) or return to NWAOnline.com.
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