Saturday, September 22, 2007

Court orders increased scrutiny in Lamar Grain bankruptcy

A federal bankruptcy court judge on Friday ordered owners of Lamar Grain and Feed to undergo a 2004 examination, which means far greater scrutiny of company financial records.
As originally detailed in the Sept. 18 Turner Report, the motion which the judge okayed calls for an Oct.17 meeting at the law offices of Checkett and Pauly in Carthage. A 2004 examination is called for when it appears there are problems with the records of someone who has filed for bankruptcy.

Company owners Ronald Ellis, Carolyn Ellis, Jared Ellis, and Jessica Ellis will be required to "produce all computer hardware of Lamar Grain & Feed LLC, all bank statements, cancelled checks, and deposit tickets of Lamar Grain & Feed, LLC for the years 2005 through 2007."

It also requests "the original corporate minute book of Lamar Feed & Grain, LLC, the original corporate minute book of Lamar Grain & Feed, LLC, tax returns for years 2004-2006 for both Lamar Grain & Feed, LLC and Lamar Feed & Grain, LLC."


The Lamar signing for The Turner Report book will be held 5 to 7 p.m. Monday, Sept. 24, at the Mary K. Finley Library.

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