TAMPA, Fla. (WFLA) — New filings within the private chapter case involving the proprietor of Olympus Pools, James Staten, and his spouse, say Olympus owns a 5% stake in Staycation Swimming pools and Spas, one other pool enterprise owned by Staten’s one-time enterprise accomplice, Jordan Hidalgo.
Olympus Swimming pools shuttered in July after a sequence of investigative stories by Better Call Behnken.
The brand new submitting, which particulars claims in opposition to the Statens in addition to their property, says Olympus Swimming pools has a “5% Curiosity in Staycations Swimming pools and Spas” valued at roughly $500,000.
Higher Name Behnken reached Hidalgo by telephone for remark. Hidalgo confirmed he and Staten had signed an settlement for Staten to have a 5% stake in Staycation, however contends the settlement is not legitimate.
In line with their courtroom submitting, the Statens declare Staycation Swimming pools and Spas is estimated to have a valuation of $10 million.
“I’d promote my firm at present for a tenth of that acknowledged worth,” Hidalgo informed Higher Name Behnken in a quick telephone interview.
The submitting exhibits the Statens owe collectors a complete of $5,875,689.31. The couple has a mixed month-to-month revenue of $7,811, however their month-to-month bills whole $11,997.03, courtroom data state. A courtroom accepted month-to-month finances permits them to spend $10,874 on bills.
The doc additionally states their actual property holdings, together with their private house and the workplace constructing for Olympus, are valued at $5,525,000. Their private property is value $229,993, bringing the overall of all their properties to $5,754,933.
The Statens filed for Chapter 11 private chapter on Oct. 6. The following listening to of their chapter case is at present scheduled for Tues., Oct. 26.
