Bankruptcy Trustee Selling Jack Brown Tax Service

Tuesday, December 11, 2012

Bankruptcy Trustee Jerry Farinash is taking steps to sell the tax service of Soddy Daisy tax preparer Jack E. Brown in the case in which a host of investors saying they are missing several million dollars.

Brown, who is said to be in poor health, was forced into involuntary bankruptcy after numerous of his clients said they gave him large sums of money to be invested at promised high yields, then the payoffs stopped coming.

Trustee Farinash is asking Chattanooga Bankruptcy Judge John Cook to approve the hiring of Mike Costello of Decosimo and Company to handle the sale of the bookkeeping firm, which closed recently.

He said he believes more value will be received by a private sale rather than a public auction of the firm.

Accountant Costello is to receive 15 percent of the sale amount.

Creditors in the case are set for a meeting in the basement of Chattanooga Bankruptcy Court on Jan. 8 at 9 a.m.  


PHOTOS: Subway Restaurant Washed Away By Mudslide

VIDEO: Jeff Styles On The Great Flood Of 2019 At The Sequatchie Valley

Robert Emilio Baker Charged In Fire At Couch's BBQ On Feb. 12


Robert Emilio Baker has been charged in connection with a fire at Couch's Barbeque at 8307 Old Lee Highway on Feb. 12. Baker, 28, was charged with reckless burning and criminal trespass. ... (click for more)


Opinion

Robo Phone Calls Have Reached Epidemic Levels

Research tells us that scam telephone calls increased from 3.7 percent of total calls in 2017 to 29 percent in 2018. It is forecast that the number will strike 50 percent by the end of 2019. We were spammed with over 30 billion robo calls in 2017 costing the consumer roughly $350 million. Moreover, statics indicate in 2017 alone the FTC received approximately 375,000 complaints. ... (click for more)

Rep. Ron Travis: Weekly Wrap

House Republicans Unveil The CARE Plan Groundbreaking legislation to increase access, improve rural health and empower patients This week in Nashville, House Republican leaders unveiled a patient-centered, free market approach to transform healthcare in Tennessee by unveiling the CARE plan. This legislative package includes 11 different initiatives that will all reshape ... (click for more)

Sports

Baylor Advances To Division II-AA State Basketball Semifinals

Baylor overcame a ten-point first half deficit with a shutdown defensive effort in the middle quarters to defeat Christian Brothers, 65-51, in the Division II-AA quarterfinals on Saturday. The Red Raiders will advance to the state tournament under first-year coach Mark Price next Thursday hosted at Lipscomb University’s Allen Arena. Baylor (22-5) will play the winner of top-ranked ... (click for more)

PHOTOS: Chattanooga Red Wolves Tie Atlanta United 2