AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Bank asks judge to appoint trustee to oversee LesCare Kitchens Inc.
By David A. Smith, Waterbury Republican-American, Conn. Knight Ridder/Tribune Business News
Mar. 1--A North Carolina-based bank wants a U.S. Bankruptcy Court judge to appoint an interim trustee to oversee LesCare Kitchens Inc.'s Connecticut operations and to close the sale of the cash-strapped company's former southern plant.
Additionally, Wachovia Bank wants the trustee to find personal property removed from LesCare's Statesville, N.C., plant, and to monitor and collect the company's accounts receivable, according to papers filed at U.S. Bankruptcy Court in New Haven. A hearing on the proposal has been scheduled for this morning in New Haven, weather permitting.
The filing comes as part of an involuntary Chapter 7, or liquidation, petition pending against LesCare, which little more than a year ago ranked among the country's largest private manufacturers of kitchen cabinets, boasting more than $100 million in annual sales. But four suppliers to the 60-year-old cabinetry company filed papers Feb. 16 seeking possible liquidation to recover nearly $1.5 million owed to them.
The company has not yet filed an answer to the petition, according to bankruptcy court records. James C. Lestorti, LesCare's chairman and chief executive officer, did not return calls Monday for comment.
- Waterbury Republican-American, Conn., On the Move Column.
- Newspaper article from: Knight Ridder/Tribune Business News Waterbury Republican-American, Conn. May 2, 1999 700+ words
...and CEO of Edward D. Hendricks & Associates in Bridgeport. He is a summa cum laude graduate of the University of North Carolina at Charlotte, where he earned bachelor of arts and bachelor of science degrees and served as student body president. He...
- Waterbury Republican-American, Conn., Personal Finance Column.
- Newspaper article from: Knight Ridder/Tribune Business News Joseph Stango Jr. April 25, 1999 700+ words
...Middletown office of a New York Investment firm. You can write to him c/o The Waterbury Republican-American, Waterbury, Conn. Visit the Waterbury Republican-American, Conn., on the World Wide Web at http://www.rep-am.com
- Waterbury Republican American. (Newsmakers).(Brief Article)
- Magazine article from: Fairfield County Business Journal April 14, 2003 700+ words
...client services. Williams joined the firm in 1 998 as office administrator. Prior to that she worked at The Waterbury Republican American, culminating as an inside sales associate. Williams holds an associate's degree from Naugatuck Community...
- Waterbury Republican-American, Conn., Business Calendar Column.
- Newspaper article from: Knight Ridder/Tribune Business News Waterbury Republican-American, Conn. May 2, 1999 700+ words
Knight Ridder/Tribune Business News Apr. 30 -- Monday, May 3 -- Ethics seminar, will be from noon to 4:30 p.m., at the Shelton Ramada Inn. Topic: Ethics and the Insurance Practitioner and Privacy in the Information age. The fee is $55. For information, call Robert McMenamey, CPCU, 52 Clemens Ave.,
- Waterbury Republican-American, Conn., Financial Makeover Column.
- Newspaper article from: Knight Ridder/Tribune Business News Maxwell, Linda November 2, 1999 700+ words
Knight Ridder/Tribune Business News Oct. 31 -- This is the first of an occasional Financial Makeover series in which The Sunday Republican will profile the personal finances of a volunteer who needs help with money matters. The advice comes from Patricia S. Gugliotti of Tax and Investment
- Waterbury, Conn.-based cabinet maker plans to sell North Carolina operations.
- Newspaper article from: Knight Ridder/Tribune Business News November 16, 2004 700+ words
...Smith, Waterbury Republican-American...sell its North Carolina operations...bought the North Carolina plant in...put their North Carolina homes on...more of the Waterbury Republican-American...
- Waterbury, Conn.-Based OptiCare Health Systems Sells North Carolina Division.
- Newspaper article from: Knight Ridder/Tribune Business News August 14, 2002 700+ words
...Smith, Waterbury Republican-American...sold its North Carolina retail division...to buy the North Carolina business...OptiCare's North Carolina retail operations...more of the Waterbury Republican-American...
- Connecticut-Based OptiCare Health Systems Sells North Carolina Retail Unit.
- Newspaper article from: Knight Ridder/Tribune Business News August 14, 2002 700+ words
...Smith, Waterbury Republican-American...sold its North Carolina retail division...to buy the North Carolina business...OptiCare's North Carolina retail operations...more of the Waterbury Republican-American...