Tuesday, July 12, 2011

Property tied to owner of Renegade Tobacco is sold


(Winston-Salem Journal) The auction of six Davie County properties associated with the owner of three bankrupt tobacco manufacturers yielded nearly $1.3 million, according to a legal filing Monday.
The auction took place June 23. The sale of the properties requires the approval of William Stock, the U.S. Bankruptcy Court judge assigned to the case involving Calvin Phelps, the owner of Renegade Holdings Inc., Alternative Brands Inc. and Renegade Tobacco Co. Phelps' wife, Lisa Yamaoka Phelps, was listed on two of the properties. Continued

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