Bardo Brantley and Summit Brantley Building Innovations in Bankruptcy Court
Earlier this year creditors of Summit Brantley Building Innovations, SBBI, showed up at a bankruptcy hearing to have their concerns heard and questions answered regarding the financial future of Bardo Brantley. According to testimony in the hearing Brantley is the sole equity owner of SBBI. SBBI manufactured pre-fabricated floors and walls for college dorms, apartments, homes, and motels.
Bardo Brantley’s company SBBI was back in Bankruptcy court on Wednesday.
Joe Garner of Lexington and owner of the Garner Bldg brought Brantley back to court for two reasons
Garner is looking to be compensated for past due rent which is the range of 100 thousand dollars, he also want brantley to remove equipment from the building so the property can be sold.
There were negotiations taking place outside the courtroom prior to the hearing between Teel, Garner, Mickey Tabor (Garner Attorney), Vincent Seiler (Chuck Clark Attorney), and Jackson Businessman Chuck Clark.
Clark has a blanket UCC, which is a lien, on all of Brantley’s SBBI equipment. Clark also own the Jackson building that Brantley is relocating to from Lexington. If Brantley gets zoning approval he will open a SBBI manufacturing plant at the corner of Allen and Conger. Out of that plant he could some day resume manufacturing pre-fabricated floors and walls.
Brantley is said to be in negotiations in several Mississippi towns for contracts to rebuid homes destroyed by the recent storms, as well as pursing contracts with Alcorn State University.
The result of the negotiations include:
Brantley has until Friday the 19th of this month to get all his equipment out of the Lexington building
IF he fails the Chuck Clark has until the 19th to get the equipment
The issue of the back due rent will be taken up at a later date to be determined.
