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19 Dec 2003, 20:05 (Ref:816391)
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#1 | ||
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Veteran
Join Date: Feb 2003
Posts: 3,183
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Court approves CART bankruptcy motions
From Indystar.com:
Court approves CART bankruptcy motions By Jeff Rabjohns jeff.rabjohns@indystar.com December 19, 2003 Two motions were approved this morning in the initial hearing in Championship Auto Racing Team's chapter 11 bankruptcy filing at the Birch Bayh Federal Building and Courthouse. CART was allowed to pay ordinary business expenses to employees and was given until Jan. 30 to prepare bankruptcy schedules. A hearing was set for Dec. 30 at which time CART will ask the court to approve procedures for sale of the company. CART's board of directors has already voted to sell the company to a group of team owners. |
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19 Dec 2003, 23:00 (Ref:816479)
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#2 | ||
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Veteran
Join Date: Sep 2002
Posts: 625
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A little more good news...
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__________________
"The pedal doesn't care what your nationality is" Paul Gentilozzi |
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20 Dec 2003, 03:35 (Ref:816569)
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#3 | ||
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Veteran
Join Date: Jun 2001
Posts: 8,125
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Let's hope their "bankruptcy schedules" are prepared long before Jan.30!
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__________________
Don't make a fuss, just get on the bus! |
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20 Dec 2003, 13:56 (Ref:816792)
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#4 | ||
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Veteran
Join Date: Feb 1999
Posts: 12,451
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I bet they are already prepared.
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__________________
"If we won all the time, we'd be as unpopular as Ferrari, and we want to avoid that. We enjoy being a team that everybody likes." Flavio Briatore |
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