More Resources

Debts piling up.(Whispers)


Add $6 million to Little Rock developer Roger "Steve" Clary's tab.

Last week, Arkansas Business reported that the developer behind Shackleford Crossings in west Little Rock had several creditors seeking more than $17 million in loans on which Clary had defaulted.

On June 12, the day after that story went to press, an Oklahoma judge ruled that Clary must repay $6 million to Waterford Investors LLC of Oklahoma County.

Clary did not return a call seeking comment. It's unclear from court filings why Clary received the loan and what Waterford Investors is.

Clary's debts in contention now stand at roughly $23 million.

COPYRIGHT 2009 Journal Publishing, Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2009 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


Marketplace

Learn how to distribute a press release

Try our new online printing. theupsstore.com/print
Today on Entrepreneur

Sign Up for the Latest in:
Online Business
Franchise News
Starting a Business
Sales & Marketing
Growing a Business

E-mail*

Zip Code*