Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
80°F
Mostly Sunny
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
-- Local News 
 Sports 
 Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 Obituaries 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 




 
Saturday, February 17, 2001

Vendors want Wallace's Bookstores to pay


Former governor is seeking protection from creditors

The Associated Press

        LEXINGTON — Dennis Jesch shipped $37,000 worth of promotional items last fall to campus bookstores owned by former Gov. Wallace G. Wilkinson.

        The Roseau, Minn., business owner says he has never been paid and as a result had to get a loan to pay his suppliers.

        “I didn't owe a penny before I started doing business with them (Wallace's),” Mr. Jesch said. “I am now more than $11,000 in debt.”

        Mr. Wilkinson, the chain founder and owner, filed for Chapter 11 bankruptcy protection last week after nine of his creditors sought to liquidate his company to get $234.9 million owed to them. His companies are not involved in the bankruptcy proceeding.

        A group of creditors filed a Chapter 7 bankruptcy petition — which ordinarily involves the sale of all assets — claiming he refused to give them the financial data they needed to determine what happened to their money. After that filing, Mr. Wilkinson sought his own protection in bankruptcy proceedings that could allow him to maintain control of his finances while he works to resolve his debts.

        Mr. Jesch said executives of Wallace's Bookstores promised him payment in November for the ballpoint pens, water bottles and calculators and other souvenirs. Now the company won't answer his phone calls and letters, he said.

        “For us and other small businesses, his business practices have caused hardship beyond belief,” said Mark F. Riden, president of Monarch Publishing LLC in Daytona Beach, Fla., which sold Wallace's Bookstores $28,000 worth of campus stationery.

        Neither Mr. Riden nor Mr. Jesch was named in court documents as among the major creditors owed money.

        Other vendors tell similar stories of delayed payments.

        Mr. Jesch and other vendors say what really makes them mad is that they can't get an explanation for the late payments from the Lexington-based company, which operates more than 60 college bookstores.

        Mr. Wilkinson has declined to comment since filing for bankruptcy protection. His son, Glenn, who is president of the company, did not return a phone call seeking comment Friday.

        Mr. Riden said he sent a registered letter to Mr. Wilkinson asking for payment, plus interest. He received a form letter that read: “It is Wallace's company policy not to pay interest or service charges. Please clear all such amounts from the statement.”

        “I was flabbergasted,” Mr. Riden said.

       



City's oldest black church honors 3 who nurtured it
Ohio leading tobacco fight
Gas station pumps Ludlow's spirits
Spinney Field proposal sacked
DARE dares to alter formula
SAMPLES: Rude and crude
Friend testifies about breakup
Man gets at least 63 years in killings
Soldier's patience rewarded: Medal came after 33 years
Criminal checks now mandatory
School drug charges filed, raised
Sister Cookie to lead the way
HOWARD: Neighborhoods
MCNUTT: Arts festival
Bill would add violent felons to DNA database
Blandford still says conviction was unfair
Check-cashing bill reconsidered
Different fates may await bills
Experts: Reporting bullies the only way to end abuse
Fairfield school levy looms
Former GM worker says he lied
Group seeks tribe label
Health agency names interim chief
Hospitals win OK to open beds for flu
House passes tuition help for foster kids
Maineville police chief sues to keep force intact
Man dies in Hamilton shooting
Meeting sought over OxyContin
Men scarce on campus; recruitment considered
New boss at health department
Shirey interviews for job in Texas
State takes action to redirect agriculture
- Vendors want Wallace's Bookstores to pay
Kentucky News Briefs
Tristate A.M. Report

 

Latest Headline News
Updated Every 30 Minutes
AP TOP HEADLINE NEWS

Iraqi Official: 150,000 Civilians Dead

Sen. Allen Concedes Defeat in Virginia

Bush, Pelosi Hold White House Talks

Massive Recall of Acetaminophen Underway

Mubarak Warns Against Hanging Saddam

Bolton Unlikely to Win Senate Approval

AP: Startling Findings in Tillman Probe

Ed Bradley of '60 Minutes' Dies at 65

U.S. Rises in Auto Reliability Ratings

49ers Look to Relocate New Stadium



Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.