Payments to former Pace employees held up - Winston-Salem Journal: Business News

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Payments to former Pace employees held up

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Posted: Wednesday, October 31, 2012 10:48 am | Updated: 6:45 pm, Wed Oct 31, 2012.

The long-suffering 423 former employees of Pace Airlines Inc. will have to wait until next year to receive some level of pay reimbursement from the defunct company’s estate.

Bankruptcy trustee Edwin Allman III said he was not be able to meet a self-imposed deadline of Wednesday for closing the estate.

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