HARRODSBURG — Eddie Montgomery's Steakhouse, which closed abruptly in May, is scheduled to be sold at 10 a.m. Jan. 10 in a master commissioner's sale in Harrodsburg.
Darren Peckler, circuit judge for Boyle and Mercer counties, ordered the sale earlier this month to pay nearly $12.7 million in default loans owed to Central Bank & Trust of Lexington.
The bank sued Montgomery and his ex-wife, Tracy Nunan, in Boyle Circuit Court earlier this year, claiming the couple owed money on loans related to the business. Central Bank's motion for default judgment against Nunan was later withdrawn, according to court documents.
Montgomery is half of the country music duo Montgomery Gentry, which had a string of hits between 1999 and 2008, including My Town, Gone and Daddy Won't Sell the Farm.
The restaurant opened in late 2009 but closed in early May.
"Unfortunately, we had to close the steakhouse," Eddie Montgomery tweeted on May 6. "It was a dream of mine to bring something back to our hometown that we could all be proud of.
"I love where I live and will always try to support the community. I want to thank everyone for their continued support," his Tweets said.
The restaurant and surrounding lots that are part of a development called Skylar's Landing are to be sold as whole. Tom Hensley was appointed a special master commissioner for the sale, according to court records in Boyle County.
The successful bidder shall either pay cash or make a 10 percent deposit of the purchase price with the balance on credit for 60 days.
Central Bank was also awarded possession and ownership of Eddie Montgomery's personal property near Perryville in Boyle County.
Eddie Montgomery's brother, country singer John Michael Montgomery, also opened a restaurant in 2005 in Nicholasville, but it later closed.