Lewisburg, WV (WOAY)-The Justice family has reached an agreement with Beltway Capital to prevent the sale of the Greenbrier.
According to a press release from Justice Companies, the agreement requires the Justice family to pay their debt to Beltway in full by October 24, 2024.
The Justices report they have already secured the funding.
However, Beltway Capital reserves its right to continue the sale if the justices fail to pay the settlement.
The Greenbrier auction was set for Tuesday, August 27.
The auction resulted from millions of dollars of debts that credit collection company McCormick 101 declared in default.
The debt was initially held by JP Morgan, who sold it a few weeks ago.
The agreement follows a request for an injunction to stop the auction filed on Monday in Greenbrier County Circuit Court.
The news also comes amid reports that Greenbrier employees could lose healthcare coverage after the corporation became severely delinquent in its payments to the health fund.
