Thursday, April 17th, 2014
The path is now clearer for Cleveland businessman Allan Jones to acquire the assets of Hardwick Clothes. U.S. Bankruptcy Judge Shelley D. Rucker signed the order late Tuesday approving the bidding procedures to allow the sale of the company’s assets “free and clear of liens, claims, rights, interests and encumbrances.” A hearing that had been scheduled for earlier Tuesday morning was canceled and Jones CapitalCorp. would only provide the quote, “We are proceeding,” when asked for comment by the Cleveland Daily Banner. The order shows Jones acquiesced to reducing the $200,000 expense reimbursement fee which the major debtor, the Pension Guaranty Benefit Corporation, had objected to, saying it was out of line historically with other similar cases. During the hearing on April 10, Rucker said she could approve the procedures if that amount was reduced to $100,000. Tuesday’s order shows the reduced amount and confirms what Jones told the Banner on Friday. There are now two calendars in play to determine Hardwick’s future. Rucker’s final order requires qualifying bids to be made by May 16 at 5 p.m. Objections to the sale would have to be filed with the court by May 20 at 4 p.m.The Tennessee Department of Transportation aims to keep interstate lanes open for the Easter weekend. The department said this afternoon its crews and contractors will stop all road construction work that requires interstate lane closures from 6 p.m. Thursday to 6 a.m. Monday.
Early Voting for Tuesday May 6, 2014 Election Day began yesterday…running until May 1st. Offices will be closed for Good Friday. Hours are Monday thru Friday 9am to 6pm…and Saturdays 9 to 4. There are three locations to vote early in Bradkley County…at Bradley Square Mall in the former Regis Hair location…at the Election Commission office in the Courthouse annex downtown…and at the Gallery at Sterling Point, behind Zaxbys on Dalton Pike.