FAYETTEVILLE (KFSM) – The manager of World gym, who had a lawsuit filed in opposition t him alleging he owed greater than $475,000 in late rent, has filed for chapter, in keeping with courtroom records.
Rhett Garner D/B/A/ of World fitness center filed for Chapter 7 bankruptcy on March 25 in U.S. chapter courtroom for the Western District of Arkansas in Fayetteville, courtroom documents state.
Garner notified the Benton County Circuit court of his chapter submitting on March 31, soliciting for that the court honor an computerized stay entered through U.S. chapter courtroom for the Western District of Arkansas.
In most instances, the filing of a chapter case automatically stays definite collection and different moves towards a debtor and the debtor's property, court docket files state.
below chapter laws, if someone tries to assemble a debt or take different action in opposition t an individual who has filed for bankruptcy, that person making an attempt to compile the debt could be penalized.
A lawsuit filed on Feb. 17 in Benton County Circuit court alleges that Garner owes Charlton construction business a couple of thousand dollars.
in response to the lawsuit, the Bentonville and Lowell World gymnasium amenities are rented from Charlton construction business at the following costs:
The lawsuit states that right here quantities are owed in late employ funds:
On Dec. sixteen, 2004, Garner gave a person recognized as Michael Charlton a $200,000 promissory be aware with six % hobby payable over 10 years to purchase gadget for World fitness center, the lawsuit states.
As of Feb. sixteen, the promissory notice is in default, and $54,644 is due on it, in accordance with Charlton.
Charlton additionally states within the lawsuit that Garner has "refused to pay this sum (employ) regardless of repeated calls for for fee." Garner has informed Charlton he can not fulfill his fee obligations, according to the lawsuit.
World gym closed its doors on March 24 on the Bentonville and Lowell amenities.
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