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Article: Leather firm's assets frozen Worried creditor of AR Accessories Group wins temporary order
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- March 13, 1998
- Author:
CopyrightCopyright 1998 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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A judge has temporarily frozen the assets of AR Accessories Group
Inc. as creditors stake their claims against the owners of the
troubled leather goods manufacturer.
Acting on the petition of a creditor who alleges the former Amity
Leather Products Co. is "insolvent or in imminent danger of
insolvency," Milwaukee County Circuit Judge Arlene D. Connors this
week barred AR from disposing of its assets, except in the ordinary
course of business, pending a hearing March 19.
The creditor, Grafton temporary employment firm SEEK Inc., wants
Connors to appoint a receiver to oversee the liquidation of AR's
assets.
Meanwhile, another creditor, Racine vinyl products manufacturer
Dynaseal Inc., won ...