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| Bates County Collector/ Treasurer Jim Platt |
Collector/Treasurer Jim Platt has announced that after two years of filing papers and responding in bankruptcy proceedings he has recovered $64,891.54 from corporate bankruptcy by Fairpoint Communications. Fairpoint Communications is a company with over 80 subsidiaries nationwide. Platt has shown that having patience and persistence does pay off. He commented: “You could have knocked me over with a feather when I opened the notice. I thought it would be more paperwork to file or a motion to set aside. Instead, I found a check from the bankruptcy for the full amount owed Bates County. Typically, we handle personal bankruptcies of less than $1,000 and some of those bankruptcies go on for over five years. This is by far the largest amount I have ever recovered on behalf of the taxpayers.” Over 80% of the recovery is school monies which will be prorated to Bates County’s ten schools by a formula based on a per-student calculation.
Platt expects to send out the payments in June.
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