Burton Company Sues Matthew Good Over Loan Default
A lawsuit alleges over $233,000 in deficient payments following a foreclosure on a Springfield property.
Updated on Oct. 28, 2026 in Financial Crime
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Burton Company and Holdings LLC has filed a lawsuit against Matthew Good and Good Empire LLC seeking over $233,000 in unpaid loan balances. The action follows the foreclosure of a property at 425 E. Kearney Street in Springfield, Missouri.
Why it matters
The legal action highlights the financial fallout surrounding a property previously linked to a business that closed after a federal law enforcement operation. It seeks to recover funds tied to an original $570,000 loan agreement that entered default.
The lawsuit filed October 20, 2026, seeks $233,567.94 in damages plus attorney fees and a 9% annual post-judgment interest rate. The property at 425 E. Kearney Street has already undergone a foreclosure sale won by the lender for $200,000.
The players
Burton Company and Holdings LLC
This is the lending entity that provided the $570,000 loan and subsequently initiated legal action to recover remaining balances.
Matthew Good
He is the borrower named in the lawsuit along with his company, Good Empire LLC, regarding the unpaid loan obligations.
The details
The dispute centers on a $570,000 loan issued in April 2025, which required weekly payments of $2,307.69. Burton Company and Holdings LLC initiated foreclosure proceedings after the borrower allegedly missed payments, culminating in a sale of the Kearney Street site in September.
Timeline
April 2025: Burton and Company Holdings issued the $570,000 loan.
April 28, 2025: The repayment schedule for the loan began.
June 2, 2026: Wicked Superstore closed following an ATF raid.
August 20, 2026: The lender demanded full payment of the remaining loan balance.
September 25, 2026: Trustees conducted a foreclosure sale on the property.
Legal Context
The foreclosure and current litigation follow the June 2026 ATF raid on Wicked Superstore, which effectively ended operations at the site. This sequence mirrors a trend where federal enforcement actions trigger accelerated debt collection and property liquidations in local commercial real estate.
The foreclosure of the 425 E. Kearney Street property marks the end of a notable commercial site in Springfield. Residents and local business owners may see further developments regarding the future use or potential sale of this site as the legal proceedings continue.
The takeaway
Property owners should remain aware that loan default triggers can lead to rapid foreclosure proceedings and legal debt recovery actions. Borrowers are encouraged to review all payment schedules to avoid the severe financial consequences associated with breach of contract.
Further reading
For more information on similar legal proceedings, visit the Financial Crime section.
Source note: This article includes information reported by Ozarks First.
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