JONESBORO – Auctions in federal bankruptcy proceedings involving former Craighead County Clerk Kade Holliday end this week.
Holliday filed for Chapter 7 bankruptcy last October. It happened after he was charged in state and federal courts with theft, abuse of power, forgery and wire fraud.
U.S. bankruptcy judge Phyllis Jones approved Wooley Auctioneers’ online auctions on February 26, court records show. Items sold include Arkansas State University memorabilia, musical instruments, alcoholic spirits, and household items.
The proceeds from the auction will go into debt to First National Bank for the properties and Carvana for a 2018 Cadillac Escalade. Holliday has agreed to sell a sofa, chair, fireplace console, and television for $ 165 to the current County Clerk Lesli Penny, according to a court document.
“The remaining net balance of the proceeds from the sale of various properties will remain in the estate pending further distribution orders by the court,” the order says.
Craighead County has secured a judgment of nearly $ 1.42 million in the government’s civil action to recover funds allegedly stolen by Holliday.
“Our collection efforts have been interrupted due to the stay of bankruptcy proceedings,” lawyer Kimberly Dale previously said. The sun. “Every dollar collected and auctioned will be a Craighead (County) taxpayer dollar received as a direct benefit. We work… weekly with the Trustee (Hamilton Mitchell, Holiday Bankruptcy Lawyer) to maximize returns for the citizens of Craighead who are victims of the Holliday fraud.
The online auction for the house at 701 Stonebridge Drive and The Edge Coffeehouse and Eatery, 1900 Aggie Road, will close at 2 p.m. Thursday.
According to county real estate data, the residence is valued at $ 183,850. The highest bid on Friday morning was $ 133,000.
Valued at $ 213,000, the highest bid for The Edge was $ 202,000. The liquidation auction for kitchen equipment and other items that were in the restaurant ends at 2 p.m. Friday.
The most expensive item in real estate auctions is the Escalade, which is approximately 38,000 miles in length. According to the Kelly Blue Book Official Guide, a low-end Escalade with the same mileage in “very good” condition has a trade-in value of $ 42,218.
The Holliday housewares estate auction will end at 6 p.m. on Friday.