|
|
Article: Temporary Receiver Named for Creditor to Oversee Lincoln, Mass., Bowling Alley.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 29, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By Elizabeth Gudrais, Providence Journal, R.I. Knight Ridder/Tribune Business News
Jul. 29--LINCOLN, Mass.--Financial difficulties have forced Melucci's Lincoln Lanes, the bowling alley owned by Town Councilwoman Patricia M. Melucci and her husband, Edward, into receivership.
In a court order entered July 17, Superior Court Judge Michael J. Silverstein appointed one of the Meluccis' creditors to oversee the business temporarily, until a permanent receiver can be appointed.
The receiver has the authority to conduct the business and to borrow money, collect debt, and pay debt on the business's behalf.
Receivership protects the ...