Kennewick businessman’s bankruptcy filing has been updated to detail assets of
just under $1 million and debts of $2.7 million in secured and unsecured
addition, Kristopher Lapp, former president of i-3 Global, reported owing
$79,000 in unpaid taxes to the federal government.
and his company are the target of three lawsuits totaling nearly $2 million.
I-3 Global closed its doors and laid off all staff in April. The company that
offered technology, multimedia and staffing services to federal and commercial
customers was named the U.S. Department of Energy’s Protégé of the Year for
fiscal year 2016 and was honored by the Tri-City Regional Chamber of Commerce
for achieving significant success.
recently revised bankruptcy documents, Lapp reported an asset of $850,000 for
his Kennewick home on West Payette Avenue, along with a $50,000 Tesla Model S.
listed no cash and items of only limited value totaling $8,800, including a
$500 hot tub, $300 in men’s clothing and $1,500 for furniture, including a
sofa, bed and coffee table.
home was briefly listed for sale in May before it was withdrawn from the market
around the time he filed for bankruptcy.
reported about $75,000 in retirement accounts spread across three 401(k)
investments and one individual retirement account.
employees, many of whom report they still are owed at least four days’ wages,
have filed claims with the state Department of Labor and Industries for
potential misappropriation of withholdings after contributions to their own
retirement accounts were withheld from paychecks but not invested in their
of Lapp’s personal assets, including his home, cellphone, computers,
televisions, furniture, retirement accounts and his dog are claimed as exempt
are only two creditors with claims secured with property, which include the
companies financing Lapp’s home and car.
claims include an $880,000 loan from Columbia State Bank that is part of one of
the outstanding lawsuits filed against Lapp and i-3 Global.
other two lawsuits are included by Lapp as unsecured claims for $472,277 owed
to E2 Consulting Engineers and $446,617 intended for Integrated Global
also reported other unsecured claims totaling about $18,000 in credit card
debt, $86,453 owed to a subcontractor under the business name E & S
Engineering, $143,000 to Fluor Federal Services and $19,418 to a second
subcontractor, Opris “Vince” King.
listed all of these claims as business debts. He reported previous annual
income of about $150,000 prior to the bankruptcy filing.
Global had until mid-June to respond to wage complaints filed with the state
Department of Labor and Industries.
company recently paid off a $44,000 tax warrant from the state’s Department of
and his bankruptcy attorney did not return requests for comment. He also has
placed a restriction on incoming calls to his cellphone.
is taking leave from serving on the board for the Columbia Basin College
first meeting of creditors is scheduled this month for Lapp’s personal
Trial dates for all three
lawsuits filed against Lapp and i-3 Global are scheduled to be heard in Benton
County Superior Court in spring 2020.
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