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Two of Gov. Jim Justice’s creditors have agreed to sell a helicopter to help settle a debt.
Caroleng Investments, a Caribbean company, and First Source Bank, of South Bend, Indiana, have submitted a joint proposal to sell a helicopter owned by Bluestone Resources.
Bluestone, which is one of Justice’s numerous companies, did not participate in the agreement, filed Friday in the U.S. District Court for the Western District of Virginia.
Bluestone owes Caroleng about $10 million and sought the helicopter as a partial repayment.
Bluestone and First Source tried unsuccessfully to convince a federal judge to stay an order for U.S. Marshals to seize the helicopter on Caroleng’s behalf.
The agreement directs Bluestone to surrender the 2009 Bell helicopter to a third party, Heli-X, of Colleyville, Texas, within 72 hours of the court’s issuance of an initial sale order.
A judge will have to approve the agreement.
