In Effort to Recoup After Years of Financial Strain, Hawthorne Race Course Files for Bankruptcy

In effort to recoup after years of financial strain, Hawthorne Race Course files for bankruptcy

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Hawthorne Race Course, a 134-year-old fixture in Chicago area horse racing, files for Chapter 11 bankruptcy

Hawthorne Race Course filed for Chapter 11 bankruptcy Friday in an attempt to restructure its debt, attract a new investor and ultimately save the struggling horse racing industry in Illinois.The filing comes a month after the Illinois Racing Board suspended the 134-year-old Stickney track’s harness racing license because of financial strains. Horse owners, trainers and breeders have gone unpaid since August, with more than 65 horse owners showi…

Hawthorne Files Chapter 11 Bankruptcy, Thoroughbred Meet Still A Possibility Says Horsemen Groups

Hawthorne Race Course, and its related companies, has filed for a Chapter 11 reorganization in Federal Bankruptcy Court in Chicago Friday. According to a press release issued by the track, the “reorganization plan will prioritize paying accrued purses to the Illinois Horsemen as well as payroll for the track employees while restructuring the company's debt. “The goal of the reorganization is to attract a buyer or investor willing to recapitalize…

Hawthorne files for Chapter 11 reorganization – U.S. Trotting News

On Friday (Feb. 27), the Illinois Harness Horsemen’s Association met with representatives from Hawthorne Race Course, where we learned that they would be filing for Chapter 11 reorganization bankruptcy.

Report: Hawthorne files for Chapter 11 bankruptcy protection

Hawthorne Race Course and its related company filed for Chapter 11 reorganization in U.S. Bankruptcy Court in Chicago on Friday. According to a news release cited by Paulick Report, the reorganization plan will prioritize paying accrued purses to Illinois Horsemen and payroll for track employees while restructuring debt. The filing is a bid to save horse racing in Illinois and preserve 250 jobs and the homes of hundreds of backside workers and t…