A surety firm has asked a federal court to approve liens on Gov. Jim Justice s interests in eight of his companies to satisfy a $8.5 million money judgment. The firm, Western Surety Company, says Justice and his Southern Coal Corp. and Bluestone Resources Inc. immediately defaulted under a forbearance agreement they entered into with Western in April 2023 to resolve prior debt.
1st Source Bank, a bank suing one of Gov. Jim Justice s coal companies, Bluestone Resources Inc., for over $4.5 million in what it says are unpaid loans has revealed what properties it s looking to take that it says is collateral securing the loans. The property consists of Caterpillar and Ford construction vehicles and equipment.
One of Gov. Jim Justice s coal companies has been sued by an Indiana bank seeking over $4.5 million and personal property from the company. The bank, 1st Source Bank, says Bluestone Resources Inc. has failed to pay millions in loans.
Martinsville, Virginia Circuit Court Judge Carter Greer denied motions by Gov. Jim Justice, his wife Cathy Justice and his son Jay Justice to set aside confessions of judgment admitting to over $300 million in debt to a Virginia-based bank, Carter Bank & Trust. The Justices signed documents that make them liable for just over $300 million in debt.
Martinsville, Virginia Circuit Court Judge Carter Greer denied motions by Gov. Jim Justice, his wife Cathy Justice and his son Jay Justice to set aside confessions of judgment admitting to over $300 million in debt to a Virginia-based bank, Carter Bank & Trust. The Justices signed documents that make them liable for just over $300 million in debt.