Lawyers disagree more than no matter if these company statements are suitable in particular individual bankruptcy circumstance
TAMPA, Fla. (WFLA) – Clients, lenders, suppliers and point out regulators all filed as lenders in the personal bankruptcy of James Staten, who owned Olympus Pools right up until it shut in July amid a point out fraud investigation.
In courtroom files submitted this 7 days, Staten and his wife, Alexis, objected to several of individuals promises and requested a judge to remove lots of of individuals collectors, which includes 29 buyers searching for a combined much more than $1 million bucks.
This is the latest twist in a tale Far better Simply call Behnken broke final April when hundreds of customers’ pools were unfinished and clients complained the business stopped exhibiting up to work on their pools or stopped returning phone calls.
Staten’s attorney, Joel Aresty, tells Buyer Investigator Shannon Behnken that these promises should be promises towards Olympus Swimming pools and really don’t belong in the own personal bankruptcy circumstance. Olympus Pools by itself has not submitted for individual bankruptcy.
Consumers need to reply to the objection within just 30 times or a judge could take out them from the circumstance. Aresty argues that the dollars they would be ready to acquire would be “pennies on the dollar.”
He reported he feels for the prospects and that his clientele are struggling the money fallout of Olympus Pools as very well.
In his reorganization approach submitted this week, Staten’s legal professional also objected to the Florida Office of Small business and Skilled Regulation’s $1.4 million penalty from Staten. Staten previously agreed to pay out the great if he at any time applies for an additional contractor’s license in Florida.
Also challenged was a $1.6 million declare by a lender who paid out out on financial loans for client pools.
A choose is expected to rule on these objections future thirty day period.
In the meantime, Florida’s Lawyer Standard Ashley Moody submitted a lawsuit towards Olympus Pools and James Staten personally in October alleging “unlawful habits.” That civil case is even now performing its way through the court system.
“We have hundreds of individuals who were being promised a specified products or service, it was not shipped,” Moody to Behnken in an special job interview. “We have brought motion for phony, deceptive trade techniques. We’re not only trying to find fines for that unlawful actions but also restitution for so many Floridians that are out of dollars mainly because of these strategies.”