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Sullivan to Take 5 Percent of Bankruptcy Debt
Sullivan County will receive 5 percent of the Sullivan County debt owed by Executive Airlines, totaling about $34,920, as part of a bankruptcy arrangement. The payout is $1,700 in two installments, with the carrier operating a limited schedule while creditors are liquidated. The county accepted the plan after a Boston court approved it, despite the airline’s financial troubles and a returned $4,613 check in 1971.
MENTIONED IN THIS ARTICLE
Munticello
Sullivan County
Executive Airlines
White Lake
New England
Sullivan
Federal District Court
Boston
Executive
Sullivan, LaGuardia
Albany
Richard Levine
Hale and Dorr
Levine
Abraham Kleinman
Milton Levine
D-Falisburg
Kleinman
Monticello
Donald Baker