Thursday, March 23, 2006

City of Lamar allowed to hold $21,878.24 as O'Sullivan deposit

The city of Lamar didn't get much help from U. S. Bankruptcy Judge C. Ray Mullin in his ruling filed today in U. S. Bankruptcy Court for the Northern District of Georgia.
The city will not be allowed to cut off O'Sullivan Industries' power even if the now-Georgia based bosses refuse to pay the bills. The judge also turned down the city's request for a deposit totaling an average two months' utility bill. However, the judge relented slightly, ruling the city may hold $21,878.24 as a deposit.
That deposit won't do the city much good since it does not even cover the cost of two weeks of electricity for the company.

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