Business & Tech

Report: Former Gas City Owner's Money Problems Worsen

Creditors want William McEnery's personal bankruptcy case to become a liquidation because he has too many claims and could evict him from his house, Sun-Times Media reports.

As debate heats up over a , another fuel station is back in the news.

The former owner of Gas City, forced to in 2010 due to bankruptcy, is facing more financial woes.  

William McEnery, , now faces increasing financial troubles in his personal bankruptcy case, and his own lawyers want out, Sun-Times Media reports.

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Here, according to the report, which cites court records, are the developments for McEnery:

  • Two banks that are creditors are asking a federal judge to turn McEnery's personal bankruptcy case into a liquidation because they contend that there are too many claims filed against the Homer Glen resident for him to be able to create a workable reorganization plan. McEnery lists an estimated $121,000 in assets, but the claims against him are more than $286 million.
  • The bank that holds the mortgage on McEnery's Homer Glen residence wants a judge to allow it to take possession of it, along with other McEnery properties, including a Florida condo. This comes after the bank allowed McEnery to lease these properties beginning in March. But the bank claims McEnery has missed two payments and want to evict him.
  • A judge has allowed the law firm representing McEnery to walk away after his lawyers claimed McEnery had stopped paying them.

These new problems appear to be the final chapters in the story of McEnery's crumbling financial empire, an empire that at one time had its center in Frankfort, where Gas City was headquartered.

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But things began to crumble when the company filed for bankruptcy protection in October 2010. This was followed by the auctioning of the stations last year. McEnery's also saw his other properties, such as  and  ice cream shop chain, sold off.


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