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24/11/2024
Sunday
THIS DAY IN HISTORY:
24 November 
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
24 November
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
The owner of American swimming pool producing company files for bankruptcy
James Staten and his wife Alexis have jointly filed for bankruptcy in the North American state of Florida on October 6, as required by Chapter 11 of the relevant US code. The married couple, who owns many different companies, including the famous Olympus Pools Inc., listed in the statement their assets ranging from $ 500 thousand to $ 1 million, as well as the liabilities from $ 1 million to $ 10 million.
Among the largest lenders of the family, the number of which does not exceed 49, there is the SCP Distributors, which won a lawsuit in September 2021 to recover more than $ 1 million from the Staten couple. It is also confirmed that the Staten owed more than $ 1.3 million on a mortgage loan.
The bankruptcy of the owners of Olympus Pools happened against the backdrop of a public scandal that has been going on since the spring of 2021. The Lutz-based company, (Lutz is a luxury suburb in Florida's third-largest city), has been accused of leaving its clients with unfinished swimming pool construction. The firm, which was previously considered the largest pool manufacturer in the state, was fined $ 1.4 million by the state and simply closed in July 2021.
James Staten devastated more than $ 400,000 of his personal finances in an effort to keep the firm afloat. However, the reputation scandal finally knocked down the management in the company. Lyon Financial, which financed the company's clients when they ordered the pools, refused to cooperate with the Olympus Pools.
The court's statement says that the firm's management combined negligence with complacency, which was the reason for the dire financial situation in the fall of 2020. During this period, several managers left the company and created their own business. At the same time, a scandal in the media and the appeals to the public encouraging the clients of company to file complaints with various authorities, accelerated the ruin of the Staten couple's business.
Among the largest lenders of the family, the number of which does not exceed 49, there is the SCP Distributors, which won a lawsuit in September 2021 to recover more than $ 1 million from the Staten couple. It is also confirmed that the Staten owed more than $ 1.3 million on a mortgage loan.
The business of the married couple has obligations in the amount of $ 263 thousand to the American Express.
In their application to the court, the spouses indicated that their monthly budget was more than $ 17,000, including $ 2,150 in electricity costs. Statens spend about $ 1000 on lawn maintenance. Another $ 3,689.51 goes to the maintenance of three cars.The bankruptcy of the owners of Olympus Pools happened against the backdrop of a public scandal that has been going on since the spring of 2021. The Lutz-based company, (Lutz is a luxury suburb in Florida's third-largest city), has been accused of leaving its clients with unfinished swimming pool construction. The firm, which was previously considered the largest pool manufacturer in the state, was fined $ 1.4 million by the state and simply closed in July 2021.
The reason for the fine was the lack of insurance for employees.
The Florida Department of Financial Services has issued an order prohibiting the company from working until the company has settled with workers. As a result, the company voluntarily renounced its business license.James Staten devastated more than $ 400,000 of his personal finances in an effort to keep the firm afloat. However, the reputation scandal finally knocked down the management in the company. Lyon Financial, which financed the company's clients when they ordered the pools, refused to cooperate with the Olympus Pools.
The court's statement says that the firm's management combined negligence with complacency, which was the reason for the dire financial situation in the fall of 2020. During this period, several managers left the company and created their own business. At the same time, a scandal in the media and the appeals to the public encouraging the clients of company to file complaints with various authorities, accelerated the ruin of the Staten couple's business.
13.10.2021
