Wednesday, March 25, 2015
Former Joplin master developer files for bankruptcy
In the petition, Wallace lists 407 creditors including the City of Joplin, the City of Amarillo, his father, David Wallace Sr., his ex-wife Kathy Wingo, his former business partner Costa Bajjali, former employees Gary Box and Raymond Braswell, Gryphon Tenant, Joplin; Karen Love, Neosho; Linda S. Teeter Insurance Company, Joplin, Ness Design Architects, Joplin, Stouffer Communications, Neosho, Tracey Martin, Martin Law Office, Joplin; USA Print, Joplin; Wallace-Bajjali, B&S Construction, Oronogo, and attorney Thomas Taylor, the court-appointed receiver who is suing him to recover money for investors in the BizRadio scheme.
Wallace says he has between $500,000 and $1 million in assets.
The filing took place on the same day a status hearing was held in the receiver's action against Wallace and Bajjali.