Brought to you by WBIW News and Network Indiana
Last updated on Sunday, January 13, 2008
(GAS CITY) - Amcast Automotive owes Grant County hundreds of thousands of dollars in back taxes, but just how much the county and gas city will receive is yet to be determined by a U.S. bankruptcy court.
Representing both the city and county in bankruptcy proceedings, Attorney Joe Certain says there are a total of about 400 creditors that the former wheel-making company owes and Grant County is one of its seven largest creditors.
Certain said the company didn't pay the county property taxes from 2003-06, making for about $900,000 in back taxes and penalties due to the county and city.
The company went bankrupt in 2005 and closed its Gas City plant the next year.
1340 AM WBIW welcomes comments and suggestions by calling 812.277.1340 during normal business hours or by email at comments@wbiw.com
© Ad-Venture Media, Inc. All Rights Reserved.