Awning company files for bankruptcy - NBC12 - WWBT - Richmond, VA News On Your Side

12 ON YOUR SIDE

Awning company files for bankruptcy

By Diane Walker - bio | email
Posted by Terry Alexander - email

RICHMOND, VA (WWBT) - Unhappy customers of Novell Awning, are living their worst fear, today. The company has gone belly-up, before many of them could get their money or merchandise.

Thermo Press Corporation, Norvell Awning Company, filed for chapter 7 bankruptcy. Customers, who want to get paid, should attend a creditors meeting, in August. The meeting will explore, whether there "are" any assets.       

For Richard Reynolds, it keeps creditors at bay. The prominent heir, to the Reynolds foil fortune, is claiming no assets. Richard Reynolds blames a bad economy for his business failure but others, who worked with him, say Reynolds used new customers' deposits to pay for materials and installation of back orders. They say his shell game, just exploded.

"I just couldn't stand working not knowing where my next paycheck was going to come from," said Lori Biggs, former office manager of Norvell Awning.     

She says she was fired four times in two and a half months.

"You could always tell when money was getting tight. You were looking for somebody to be sent home. If you were sent home a couple of days, he doesn't have to pay you," she said.

Bankruptcy notices are just now, going out to creditors.  A woman in West Point got hers Saturday. She worries her money is gone, like many others, who paid hefty deposits but never got the awnings. We consulted an expert.

"Sometimes customers who put up deposits, might be in a better situation than other creditors who are just owned money for services or goods," said Attorney John Moore of Coates and Davenport.

Norvell Awning is no more. But, another company appears to be positioning itself to buy the bankrupt business. Meantime, any assets will be liquidated and creditors paid off.

"They might be able to sell the business, they might be able to sell assets of the business, like the customer list," said Moore.

Richard Reynolds isn't returning our calls. The legal expert we consulted for this story says, customers must file a proof of claim, and go to the creditors meeting. He says Reynolds is "not" personally liable, it's the corporation that filed for bankruptcy.

To stake your claim, the meeting is: August 11, at 11 a.m., at the federal building downtown, across from the National Theatre on 701 East Broad Street, the fourth floor.

(c) 2009. WWBT, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

  • Latest news from NBC12.comNEWSMore>>

  • Laughter, tears as former first lady Barbara Bush remembered

    Laughter, tears as former first lady Barbara Bush remembered

    Saturday, April 21 2018 12:04 AM EDT2018-04-21 04:04:04 GMT
    Saturday, April 21 2018 11:17 PM EDT2018-04-22 03:17:16 GMT
    (AP Photo/Evan Vucci). Mourners pause as former U.S. first lady Barbara Bush lies in repose during the visitation of former first lady Barbara Bush at St. Martin's Episcopal Church, Friday, April 20, 2018, in Houston.(AP Photo/Evan Vucci). Mourners pause as former U.S. first lady Barbara Bush lies in repose during the visitation of former first lady Barbara Bush at St. Martin's Episcopal Church, Friday, April 20, 2018, in Houston.

    As the outpouring of tributes continues for Barbara Bush, the general public can pay its respects to the former first lady.

    More >>

    As the outpouring of tributes continues for Barbara Bush, the general public can pay its respects to the former first lady.

    More >>
  • Trump considering pardon for late boxer Jack Johnson

    Trump considering pardon for late boxer Jack Johnson

    Saturday, April 21 2018 3:44 PM EDT2018-04-21 19:44:16 GMT
    Saturday, April 21 2018 11:05 PM EDT2018-04-22 03:05:41 GMT
    Stallone, who starred in the 1976 boxing film "Rocky" and several sequels, is a supporter of the president and attended Trump's New Years' Eve party at Mar-a-Lago in 2016. (Source: CNN/Twitter)Stallone, who starred in the 1976 boxing film "Rocky" and several sequels, is a supporter of the president and attended Trump's New Years' Eve party at Mar-a-Lago in 2016. (Source: CNN/Twitter)

    President Donald Trump says he's considering "a Full Pardon!" for boxing's first black heavyweight champion more than 100 years after Jack Johnson was convicted by all-white jury of "immorality" for one of his...

    More >>

    President Donald Trump says he's considering "a Full Pardon!" for boxing's first black heavyweight champion more than 100 years after Jack Johnson was convicted by all-white jury of "immorality" for one of his relationships.

    More >>
  • Thousands sing 'Happy Birthday' to Queen Elizabeth II

    Thousands sing 'Happy Birthday' to Queen Elizabeth II

    Saturday, April 21 2018 6:54 AM EDT2018-04-21 10:54:10 GMT
    Saturday, April 21 2018 10:16 PM EDT2018-04-22 02:16:16 GMT
    (Toby Melville/Pool Photo via AP). Britain's Queen Elizabeth raises her glass during speeches at The Queen's Dinner, during the Commonwealth Heads of Government Meeting at Buckingham Palace in London, Thursday, April 19, 2018.(Toby Melville/Pool Photo via AP). Britain's Queen Elizabeth raises her glass during speeches at The Queen's Dinner, during the Commonwealth Heads of Government Meeting at Buckingham Palace in London, Thursday, April 19, 2018.

    Queen Elizabeth II is marking her 92nd birthday with a star-studded concert in London.

    More >>

    Queen Elizabeth II is marking her 92nd birthday with a star-studded concert in London.

    More >>
  • Trending StoriesTrending StoriesMore>>

  • Delta passenger fined $500 for apple

    Delta passenger fined $500 for apple

    Saturday, April 21 2018 1:01 PM EDT2018-04-21 17:01:03 GMT
    Saturday, April 21 2018 6:45 PM EDT2018-04-21 22:45:42 GMT
    adlock's healthy snack turned into a tough reality to stomach. (Source: KDVR/CNN)adlock's healthy snack turned into a tough reality to stomach. (Source: KDVR/CNN)

    Crystal Tadlock is not happy about the fine she said

    More >>

    Crystal Tadlock is not happy about the fine she said

    More >>
  • 'Austin Powers' star Verne Troyer dies at age 49

    'Austin Powers' star Verne Troyer dies at age 49

    Saturday, April 21 2018 4:51 PM EDT2018-04-21 20:51:28 GMT
    Saturday, April 21 2018 6:03 PM EDT2018-04-21 22:03:39 GMT

    Verne Troyer, an actor famous for his role as Mini-Me in the "Austin Powers" trilogy, has passed away.

    More >>

    Verne Troyer, an actor famous for his role as Mini-Me in the "Austin Powers" trilogy, has passed away.

    More >>
  • Judge accused of abusing, berating defendants

    Judge accused of abusing, berating defendants

    Saturday, April 21 2018 7:20 AM EDT2018-04-21 11:20:28 GMT
    Saturday, April 21 2018 7:30 AM EDT2018-04-21 11:30:55 GMT
    Judge Merrilee Ehrlich has stepped down after being accused of berating defendants. (Source: WSVN/CNN)Judge Merrilee Ehrlich has stepped down after being accused of berating defendants. (Source: WSVN/CNN)

    A judge accused of "aggressive and tyrannical" behavior has stepped down from the bench.

    More >>

    A judge accused of "aggressive and tyrannical" behavior has stepped down from the bench.

    More >>
Powered by Frankly