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Thomas Ouellette
Anderson is seeking repayment for a $900,000 bond intended for upgrades to the Bingham Square apartment complex. Those were never done. The company also owes nearly $1 million in unpaid utilities. Mike Austin is the attorney for the Anderson Redevelopment Commission. He says filing for bankruptcy means PR Bingham can stay in business while working on a repayment plan.

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Mike Austin
There is the potential that the chapter 11 bankruptcy could be a good development for the city.

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Thomas Ouellette
Austin says the commission won't know much about that repayment process until they see the plan worked out in court. When asked for comment, a lawyer from PR Bingham said any impact the bankruptcy has on obligations to the city will be handled by the bankruptcy trustee. Thomas Ouellette, IPR news.