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date its assets, said Henry Condell, an attorney with Parker, Chapin, Flattau and Kimpl. They sold the •Dominican Republic factory and the retail business. The house adjoining the Aileen plant in Flint Hill, the water treatment facility in Edinburg and land in a river bottom in Edinburg was recently sold, Condell said. The only properties remaining are the Flint Hill and Edinburg plants.
He added that the company’s financial problems began several years before the Flint Hill plant closed. The company had invested heavily in state-of-the-art machinery at the Edinburg plant and costs of manufacturing in the United States had caused the company to lose money.
Frances Foster, Rappahannock County Treasurer said the property taxes were not paid in 1993 and 1997. The last tax bill paid was on December 6, 1996, and the property’s delinquent tax bill is currently $34,233.44. The interest on the unpaid bill increases monthly.
Commonwealth’s Attorney Peter Luke said the county is able to auction off any property after two years to recover delinquent taxes. However, this couldn’t be a more complicated situation, he added.
The property has been for sale since 1995. Any sale of a property in bankruptcy would typically have to be approved by the court-approved creditor’s committee, Luke said. This bankruptcy is complicated by being in another state and is subject to the procedures of that court and judge. Also, any purchaser would be responsible for cleanup and could be held responsible in future lawsuits arising from the pollution.
Delman said he is hopeful that something can be done to the plant to make it useful and become an asset to the community.
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