County Discusses St. Marie Bankruptcy
St. Marie property owner Pat Kelly filed for bankruptcy earlier this year. While the process is only beginning in the courts, Marvin Bethea joined the commissioners in a discussion on what would be best bankruptcy to file – Chapter 7 or Chapter 11. The discussion took place April 23.
Bethea, a St. Marie property owner, explained that a Chapter 11 would be more beneficial to the county and St. Marie residents. He explained that a committee would be formed, appointed by a U.S. trustee. Bethea said that support from others in St. Marie was for recommending Chapter 11.
Commissioner Dave Pipp...