Judge throws out Oxford Aviation owner's bankruptcy
A judge has thrown out the personal bankruptcy of Oxford Aviation owner James Horowitz, who transferred the company’s assets to himself for $1 in November before submitting his bankruptcy filing.
The Sun Journal reported U.S. Bankruptcy Court Judge Peter Cary on Monday approved a motion by Chapter 13 Trustee Peter Fessenden to dismiss the case. Fessenden’s motion alleged that Horowitz had not paid creditors since filing the case, had no proof of insurance, had not provided required monthly business reports and had violated Maine Department of Environmental Protection standards for storing hazardous waste.
Horowitz’s attorney, David Johnson, told the newspaper last week that his client did not intend to contest dismissal of the Chapter 13 filing, which would have allowed Horowitz to retain some income and repay debts over a period of years. A DEP official told the newspaper the department has come to an agreement with Horowitz to restart weekly monitoring of hazardous waste related to painting and refurbishing aircraft.
Oxford County Administrator Scott Cole told the newspaper that Horowitz signed an agreement with the county in January that requires him to find a new tenant for his company’s building at the county-owned Oxford Airport, or risk eviction.
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