Business

Son of former mayor files for bankruptcy

A builder whose unfinished house on Indian Mound Road in Lexington drew complaints last summer from neighbors has declared bankruptcy. Dudley Scott Baesler and his wife, Shelly, filed a Chapter 7 petition recently in U.S. Bankruptcy Court.

Baesler is the son of Scotty Baesler, who is a former Lexington mayor and a former U.S. representative.

Dudley Scott and Shelly Baesler declared $6.725 million in debts and $994,381 in assets. Fifth Third Bank Kentucky Inc. and Sun Trust Mortgage Inc. were the largest secured creditors, but nearly $6 million of the debt was unsecured.

In July, residents of the Chevy Chase area complained to Lexington officials about a building site at 1237 Indian Mound where work had halted months earlier on a 7,000-square-foot house only partially completed.

Construction debris littered the site and weeds filled the front yard, creating an eyesore in the upscale neighborhood, they said.

Baesler sent workers to clean up the site and cut the weeds.

"I'm working through some financial things with the bank that involve all sorts of reappraisals and everything," he told Herald-Leader reporter Jim Warren in July.

"But I'm committed to getting the site cleaned up while things get worked out on the financial side. It's an expensive house, and we've got to finish it."

In his 197-page bankruptcy filing Nov. 14, Baesler said a now-defunct company he established in 2007, Mobo Inc., deeded the house to the Citizens Commerce National Bank in Versailles on Sept. 4 to avoid foreclosure.

The house was valued for tax purposes at $447,300, the filing reported.

On Monday, the house was still unfinished, but construction appeared to be continuing.

Baesler also said in the filing that most of his debts were business-related and that his most valuable asset is a house at 1090 Lakewood Drive in Lexington that he values at $700,000. That house is now for sale, according to a sign in the front yard.

Baesler, a Richmond resident, operated D.S. Baesler Consulting & Construction Inc. in addition to Mobo.

Baesler listed his current occupation as "farmer" and his father's address as the address of his employer. His father is also a farmer.

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