Alliance Aircraft has reached an agreement to settle an outstanding debt with its largest creditor–Rocket Science Computer Services–after a Superior Court Judge in Brentwood, N.H., ordered Alliance president and CEO Earl Robinson arrested on contempt charges last month. As part of the deal, Alliance paid Rocket Science a portion of the $335,000 it owes for computer services performed at Alliance’s former headquarters in Portsmouth, N.H., and has established a new payment schedule that calls for installments every two weeks.
Rockingham County Superior Court judge Kenneth McHugh on October 10 approved the letter of agreement signed between Alliance and Rocket Science, but held in abeyance his order to arrest Robinson should he fail to comply with the new terms of the payment schedule. On October 9 McHugh heard arguments from lawyers representing both parties, and rejected Alliance’s request to begin paying Rocket Science $10,000 per month. In August the court ordered Alliance to pay installments of $10,000 per week. Until last month, Alliance had failed to pay any installments.
