Creditors Allege Corey Waldrop Mismanaged Funds Leaving Homes in Disrepair

The Benbrook City Council meeting on August 21, 2025, featured significant discussions regarding financial misconduct involving a local contractor, Corey Waldrop. The meeting highlighted serious allegations against Waldrop, including claims of mismanagement of funds and failure to fulfill contractual obligations to homeowners.

During the meeting, a representative detailed how Waldrop's actions left homeowners in dire situations, with properties in disrepair and unpaid bills accumulating. It was reported that Waldrop had promised timely renovations but instead left clients with unresolved issues, forcing them to seek legal recourse. The representative indicated that it took six months to initiate bankruptcy proceedings against Waldrop's company, Trinity, due to his refusal to pay creditors.

Key allegations included Waldrop's misuse of client funds. According to the representative, he failed to allocate payments for home appliances into a separate bank account as required by Texas law. Instead, these funds were reportedly used for personal expenses, including tuition payments and other unrelated costs. The representative also noted difficulties in obtaining financial documents from Waldrop, which ultimately revealed the insolvency of his company.

In addition to these allegations, Marsha Whiting, a resident, expressed her concerns regarding the Planning and Zoning discussions, suggesting that further scrutiny was necessary.

The meeting underscored the community's frustration with Waldrop's business practices and raised questions about accountability and oversight in local contracting. The council's next steps remain to be seen as they address these serious allegations and consider the implications for affected homeowners.