Source: WRAL News
“One of the nation’s biggest growers of sweet potatoes has been put into receivership after defaulting on more than $40 million in loans, Nash County court records show. Now the state senator whose family owns the farm says the bank has been overly aggressive, alleging that it has been using her political career as leverage for the debt collection efforts. In a new court filing Monday, a bankruptcy attorney representing Sen. Lisa Stone Barnes and Spring Hope-based Barnes Family Farms — the family farming empire — questioned why she’s named in the lawsuit at all. … A court order from Nash County Superior Court Judge Timothy Wilson in November says revenues from the business ‘are either not being collected or are not being paid to [Rabo Agrifinance] and are thus being lost, wasted, transferred, concealed or impaired.’” (01/06/25)