Kansas.com: Business
Jeff Arensdorf thought his company was one of the few Wild West World investors that got paid. At least he thought that until late last week, when attorneys hit Village Charters with the largest preference case to date in Wild West World's bankruptcy. The bankruptcy estate wants the $100,000 that Village Charters got back from longtime customer Thomas Etheredge in April. Attorneys claim Etheredge repaid Arensdorf's company April 9 and April 23 for a January loan. They say that is on or within the time frame established by law for a preference filing, which allows the bankruptcy estate to reclaim that money. "Now, I was pretty sure he'd get that park open," Arensdorf said. "After that, you know, who could be sure? So I set up the loan as a 60-day deal. Felt pretty good about it. We'd had a good four-year relationship with Thomas."