RDAG customers still without resolution after Thursday bankruptcy court hearing
Reagor-Dykes Auto Group customers hoping to get answers about their in-limbo assets after Thursday’s bankruptcy court hearing in Lubbock federal court will have to wait a few more days.
Left in the lurch are customers like an Amarillo man who has two vehicles currently in his name, but none in his possession.
A motion to authorize retail lenders to pay outstanding tax, title and license fees and trade-lien payments was filed on Oct. 9, in an effort to alleviate troubles faced by hundreds of impacted customers. Twelve creditors filed documents against the motion. The issue was one of several on Thursday’s bankruptcy court agenda.
The debtors requested in the court documents that all lenders who hold titles related to Reagor-Dykes provide a list of the property, all retail lender pay fees in accordance with their obligations under a legal rule instated to protect consumers and that negative marks on affected consumers’ credit be removed.
Read more: http://www.lubbockonline.com/news/20181018/rdag-customers-still-without-resolution-after-thursday-bankruptcy-court-hearing