A taxpayer-funded agency is about to foreclose on a restaurant and bar owned by former state Rep. John Martin and a partner – unless they come up with $232,000 by the end of March. Continue Reading →
Just as state Rep. John Martin, one of the most powerful Maine politicians of the last three decades, is emerging from the bankruptcy of the convenience store he co-owns, along comes another financial problem.
And this one has a new wrinkle – this time the back debt is to a government agency. Continue Reading →
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The federal bankruptcy court has allowed State Rep. John Martin and a partner to buy back their Eagle Lake convenience store for $125,000 even though they owe almost $300,000 to a variety of creditors, including the IRS. Martin, a Democrat, has been a power in state government going back to the 1960s. He was speaker of the house an unprecedented 10 terms and currently serves on the committee with oversight of the state’s $6 billion budget. He is running for reelection from House District 1, which includes Eagle Lake and Fort Kent. While some creditors may be paid in full and others in part, some may not be paid at all, depending on a report from the trustee appointed by the court half way through the court proceedings. Continue Reading →
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AUGUSTA — State Rep. John Martin is sponsoring a bill that would make it easier for the Canadian-based Irving family to mine for valuable minerals on a Maine mountain at the same time he is negotiating a $250,000 bankruptcy debt with an Irving-family oil business. Martin, a Democrat, is the co-owner of Bald Eagle convenience store in his hometown of Eagle Lake, which Irving Oil Marketing says in bankruptcy filings is $250,000 in debt for gas and diesel deliveries and related charges. Martin acknowledges $150,000 of that debt, but said there is “absolutely” no conflict between owing one Irving company money and his legislation to rewrite the state’s mining laws that would benefit another Irving company. The bill was prompted by the J. D. Irving Company, which is the co-owner of Bald Mountain in Aroostook County. Geological studies have shown the mountain, in an area Martin has represented in the legislature, contains significant deposits of gold, silver, copper and other minerals. Continue Reading →