Wednesday, July 23, 2014

Published:09/14/2012

A little over a week ago the bankruptcy judge ruled in favor of the MO Guaranty Corporation, Missouri and Maine in prohibiting the Debtor [Prime Tanning] from using the assets posted as security with the Division of Workers Compensation to pay ongoing liabilities.   On Tuesday the Debtor [Prime Tanning] filed an appeal to the judge’s ruling.  The appeal was filed in Maine District Court rather than before the Bankruptcy Appellate Panel.

As we learn more about the appeal we will keep you informed.