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However, hours after the money was wired, Anstead and Bednarski "took $54,635.52 from this deposit and used it to pay a vendor for work unrelated to the new client’s vehicle," the complaint reads.
An automobile dealership in Orland, California which closed after General Motors cut ties with it and several hundred other dealers as part of its Chapter 11 bankruptcy restructuring efforts in 2009 [1] Beginning in the latter half of 2008, a global-scale recession adversely affected the economy of the United States.
UPDATE — 10/24/24, 3:10 p.m. E.T.: Ant Anstead addressed his car company Radford Motors’ financial troubles shortly after news broke that the business filed for Chapter 11 bankruptcy. In a ...
By September 2008, Bill Heard Enterprises was the 11th-largest automobile dealer in the United States (and as high as seventh at the start of the 21st century), [7] the largest in the state of Georgia, and the largest dealer of Chevrolet automobiles [8] in the United States.
The British television host's supercar company filed for bankruptcy Oct. 22, after being accused of taking deposits from customers, but not delivering vehicles
The program was controversial with dealers, many who didn't want to close their dealership or sell their franchise rights. [23] However, Section 363 of the Federal Bankruptcy Code allowed GM to force thousands of dealerships to forfeit their franchise rights. Dealers accused GM of fraud and theft and formed the Committee to Restore Dealer Rights.
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