- Last Updated on Thursday, 02 September 2010 16:51
- Published on Thursday, 02 September 2010 16:51
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Louis Herrink, former president of Historyland Memorial Park which formerly operated the cemetery, Jessica Herrink, deed of trust trustee, and Robert Crouch, president of Stonecrest Financial Inc at the cemetery property.
Stonecrest Financial, Inc., operator of Meadow Brooke Memorial Gardens in King George, filed for bankruptcy under Chapter 11, Wednesday, Sept. 1.
The filing put on hold a foreclosure sale of the cemetery property, formerly known as Historyland Memorial Park, scheduled for Sept. 2.
The property is subject to several notes, including a note payable to Ruth J. Herrink for $135,000.
Ruth Herrink is publisher of The Journal and Jessica Herrink, the Deed of Trust trustee, is president of The Journal Press, Inc., which publishes The Journal newspaper.
Robert R. Crouch, president of Stonecrest Financial, Inc., on August 25 had filed for an injunction to stop the foreclosure sale, claiming that he had made the required payments on the note.
Judge Gordon Willis, in the Circuit Court of King George, did not rule on the issue of whether the note was in default but issued an order enjoining the sale of the property if Stonecrest was able to provide a bond in the amount of the outstanding principle on the note, approximately $128,000, before the foreclosure sale.
No bond was posted with the Circuit Court in King George, but Crouch provided notice of the bankruptcy filing on Thursday morning before the sale was to take place.