Townsend not liable for payment of line of credit

 


Judge Kevin Miller ruled in December that Frank Townsend, former owner of Petersburg Shipwrights was not liable for payment to his ex-wife Barbara S. Sinclair for a line of credit that was taken out for her commercial fishing business and for their joint travel. The couple was married in 2008, according to court testimony.

Sinclair’s small claims case against Townsend was heard on Dec. 5, 2011.

In a written order the court stated, “Neither party will recover from the other. I find that Mr. Townsend promised to help Ms. Sinclair pay the line of credit debt out of the net proceeds from th...



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