A global mediation involving several parties involved in the Reagor-Dykes bankruptcy is scheduled next week in Dallas, Feb. 25 and Feb. 26.
A global mediation involving several parties involved in the Reagor-Dykes bankruptcy is scheduled next week in Dallas, Feb. 25 and Feb. 26.
Read the bankruptcy judge's order directing Ford Credit to take part in global mediation.
Read the bankruptcy judge's order directing Ford Credit to take part in global mediation.
U.S. Bankruptcy Judge Robert Jones will order global mediation between many parties involved in the Reagor-Dykes bankruptcy.
U.S. Bankruptcy Judge Robert Jones will order global mediation between many parties involved in the Reagor-Dykes bankruptcy.
U.S. Bankruptcy Judge Robert Jones has granted AmeriCredit Financial Services' request for an expedited hearing on its motion for relief from automatic stay in the Reagor-Dykes bankruptcy.
U.S. Bankruptcy Judge Robert Jones has granted AmeriCredit Financial Services' request for an expedited hearing on its motion for relief from automatic stay in the Reagor-Dykes bankruptcy.
The bankruptcy judge has ordered Reagor-Dykes to provide documentation to MUSA Auto Finance and MUSA Auto Leasing, related to vehicles it financed, leased or otherwise processed. The order lists some specific vehicles, but also includes other vehicles involving MUSA with unresolved tax, title and license or trade-in liens.
The bankruptcy judge has ordered Reagor-Dykes to provide documentation to MUSA Auto Finance and MUSA Auto Leasing, related to vehicles it financed, leased or otherwise processed. The order lists some specific vehicles, but also includes other vehicles involving MUSA with unresolved tax, title and license or trade-in liens.
Attorneys write "GM Financial continues to incur extraordinary expense in protecting its collateral with little proposals being shown for a reorganization of either Reagor-Dykes Snyder, L.P. or the Reagor-Dykes Group, generally."
Attorneys write "GM Financial continues to incur extraordinary expense in protecting its collateral with little proposals being shown for a reorganization of either Reagor-Dykes Snyder, L.P. or the Reagor-Dykes Group, generally."
U.S. Senior District Judge Sam Cummings finds Reagor-Dykes has not shown good cause as to why the Court should put off considering Ford Motor Credit's request for summary judgment, according to an order filed Friday. Ford Credit is asking for the judge to rule in its favor without proceeding through a full trial.
U.S. Senior District Judge Sam Cummings finds Reagor-Dykes has not shown good cause as to why the Court should put off considering Ford Motor Credit's request for summary judgment, according to an order filed Friday. Ford Credit is asking for the judge to rule in its favor without proceeding through a full trial.
Another phone conference will be held in a week, Feb. 14, to discuss a motion to compel global mediation for the many parties involved in the Reagor-Dykes bankruptcy.
Another phone conference will be held in a week, Feb. 14, to discuss a motion to compel global mediation for the many parties involved in the Reagor-Dykes bankruptcy.
Ford Credit objects to Reagor-Dykes' proposal to force all parties to come together in a global mediation in a few weeks.
Ford Credit objects to Reagor-Dykes' proposal to force all parties to come together in a global mediation in a few weeks.
First Bank & Trust opposes Reagor-Dykes' attempt to convene a global mediation meeting in a few weeks, noting such a resolution isn't feasible.
First Bank & Trust opposes Reagor-Dykes' attempt to convene a global mediation meeting in a few weeks, noting such a resolution isn't feasible.
Attorneys for the Reagor-Dykes Auto Group have asked the bankruptcy judge to force many parties involved in the bankruptcy case to a global mediation, to resolve the "complicated jigsaw puzzle" of intertwined issued.
Attorneys for the Reagor-Dykes Auto Group have asked the bankruptcy judge to force many parties involved in the bankruptcy case to a global mediation, to resolve the "complicated jigsaw puzzle" of intertwined issued.
Bart Reagor and Rick Dykes are entitled to defend themselves, a new legal filing states. It also includes depositions from Ford Credit employees.
Bart Reagor and Rick Dykes are entitled to defend themselves, a new legal filing states. It also includes depositions from Ford Credit employees.
The legal team for the Reagor-Dykes Auto Group is seeking an appeal of Bankruptcy Judge Robert Jones' order granting Ford Credit's relief from stay. The order allows Ford Credit to take back vehicles it financed and other collateral.
The legal team for the Reagor-Dykes Auto Group is seeking an appeal of Bankruptcy Judge Robert Jones' order granting Ford Credit's relief from stay. The order allows Ford Credit to take back vehicles it financed and other collateral.
The McDougal Companies will no longer be involved in discussions to re-organize the Reagor-Dykes Auto Group, according to a statement issued on behalf of McDougal.
The McDougal Companies will no longer be involved in discussions to re-organize the Reagor-Dykes Auto Group, according to a statement issued on behalf of McDougal.
It has been almost 6 months since the auto group filed for bankruptcy. Hundreds of customers still do not know when, or even whether, they will get titles or money for trade-ins.
It has been almost 6 months since the auto group filed for bankruptcy. Hundreds of customers still do not know when, or even whether, they will get titles or money for trade-ins.
McDougal Companies and Euwing Auto Group were invited by Ford Motor Credit to meet in Michigan at a "global settlement" meeting. Marc McDougal was asked to help RDAG through it's bankruptcy process.
McDougal Companies and Euwing Auto Group were invited by Ford Motor Credit to meet in Michigan at a "global settlement" meeting. Marc McDougal was asked to help RDAG through it's bankruptcy process.
Attorneys for Reagor-Dykes were back in federal bankruptcy court Wednesday, vying for extra operating cash.
Attorneys for Reagor-Dykes were back in federal bankruptcy court Wednesday, vying for extra operating cash.
Any day now, vehicles could start disappearing from Reagor-Dykes lots. A ruling by Judge Robert Jones allowed Ford Credit to recoup its collateral.
Any day now, vehicles could start disappearing from Reagor-Dykes lots. A ruling by Judge Robert Jones allowed Ford Credit to recoup its collateral.
U.S. Bankruptcy Judge Robert Jones granted relief from an automatic stay Thursday for Gulf State Toyota, allowing it to proceed with terminating its dealer agreement with Reagor-Dykes Plainview.
U.S. Bankruptcy Judge Robert Jones granted relief from an automatic stay Thursday for Gulf State Toyota, allowing it to proceed with terminating its dealer agreement with Reagor-Dykes Plainview.
U.S. Bankruptcy Judge Robert Jones ruled Thursday Ford Motor Credit is due relief from an automatic stay and compels Reagor-Dykes Auto Group to comply with Ford Credit repossessing its collateral -- that is, vehicles financed by Ford Motor Credit.
U.S. Bankruptcy Judge Robert Jones ruled Thursday Ford Motor Credit is due relief from an automatic stay and compels Reagor-Dykes Auto Group to comply with Ford Credit repossessing its collateral -- that is, vehicles financed by Ford Motor Credit.
Senior U.S. District Judge Sam Cummings has denied former Reagor-Dykes CFO Shane Smith's attempt to block discovery in First Bank & Trust's lawsuit.
Senior U.S. District Judge Sam Cummings has denied former Reagor-Dykes CFO Shane Smith's attempt to block discovery in First Bank & Trust's lawsuit.
The U.S. Bankruptcy Court has approved a source of funding to keep Reagor-Dykes open for the next few weeks.
The U.S. Bankruptcy Court has approved a source of funding to keep Reagor-Dykes open for the next few weeks.
Attorneys for Reagor-Dykes and Ford Credit spent hours in U.S. Bankruptcy Court Tuesday arguing essentially the future of the Auto Group. Ford Credit filed a motion to allow it to take possession of vehicles and other collateral.
Attorneys for Reagor-Dykes and Ford Credit spent hours in U.S. Bankruptcy Court Tuesday arguing essentially the future of the Auto Group. Ford Credit filed a motion to allow it to take possession of vehicles and other collateral.
The former chief financial officer of the Reagor-Dykes Auto Group wants a delay before he must answer to discovery requests in a civil lawsuit because of the possibility of a criminal investigation.
The former chief financial officer of the Reagor-Dykes Auto Group wants a delay before he must answer to discovery requests in a civil lawsuit because of the possibility of a criminal investigation.
Tuesday may bring quite the showdown in U.S. Bankruptcy Court. Ford Credit and Reagor-Dykes have lofted serious accusations in court documents.
Tuesday may bring quite the showdown in U.S. Bankruptcy Court. Ford Credit and Reagor-Dykes have lofted serious accusations in court documents.
Attorneys for Reagor-Dykes have filed with the Bankruptcy Court a summary of the plan to reorganize the Auto Group, one day before the next scheduled court hearing.
Attorneys for Reagor-Dykes have filed with the Bankruptcy Court a summary of the plan to reorganize the Auto Group, one day before the next scheduled court hearing.
"Reagor-Dykes is not dead", reads part of the Auto Group's response to Ford Credit's motion to take vehicles and other forms of its collateral.
"Reagor-Dykes is not dead", reads part of the Auto Group's response to Ford Credit's motion to take vehicles and other forms of its collateral.
Since a sale of the Auto Group didn't happen and a plan of reorganization has yet to be filed, Ford Credit is now asking the bankruptcy judge to allow it to take possession of its vehicles and all other collateral.
Since a sale of the Auto Group didn't happen and a plan of reorganization has yet to be filed, Ford Credit is now asking the bankruptcy judge to allow it to take possession of its vehicles and all other collateral.
An auto leasing company that did business with Reagor-Dykes has filed a motion in bankruptcy court asking the administrative and legal teams to turn over information it needs.
An auto leasing company that did business with Reagor-Dykes has filed a motion in bankruptcy court asking the administrative and legal teams to turn over information it needs.
A federal judge has granted Ford Motor Credit's request to separate its claims against the bankrupt Reagor-Dykes Auto Group entities and will allow Ford's original multi-million dollar federal lawsuit to proceed against separately-named co-owners Bart Reagor and Rick Dykes.
A federal judge has granted Ford Motor Credit's request to separate its claims against the bankrupt Reagor-Dykes Auto Group entities and will allow Ford's original multi-million dollar federal lawsuit to proceed against separately-named co-owners Bart Reagor and Rick Dykes.
Slow progress is being made on resolving Reagor-Dykes customers' unpaid tax, title and license and also trade-in balances. But there are still hundreds of unresolved cases totaling $5.4 million in owed balances.
Slow progress is being made on resolving Reagor-Dykes customers' unpaid tax, title and license and also trade-in balances. But there are still hundreds of unresolved cases totaling $5.4 million in owed balances.
An investor group led by Marc McDougal, North Texas auto businessman Fin Ewing and Rick Dykes could purchase Reagor-Dykes assets and reorganize in what was presented to the bankruptcy judge as the best solution for all stakeholders.
An investor group led by Marc McDougal, North Texas auto businessman Fin Ewing and Rick Dykes could purchase Reagor-Dykes assets and reorganize in what was presented to the bankruptcy judge as the best solution for all stakeholders.
McDougal Companies have agreed to discuss a role in helping secure the viability of the properties and dealerships.
McDougal Companies have agreed to discuss a role in helping secure the viability of the properties and dealerships.
Shane Smith had requested a change of venue in First Bank & Trust's lawsuit against him and several other defendants. Smith also requested this suit be put on hold while potential criminal investigations proceed.
Shane Smith had requested a change of venue in First Bank & Trust's lawsuit against him and several other defendants. Smith also requested this suit be put on hold while potential criminal investigations proceed.
Former Reagor-Dykes chief financial officer Shane Smith wants a change of venue for First Bank & Trust's lawsuit against him. And his filing notes criminal investigations may be underway tied to this case.
Former Reagor-Dykes chief financial officer Shane Smith wants a change of venue for First Bank & Trust's lawsuit against him. And his filing notes criminal investigations may be underway tied to this case.
Gulf States Toyota objects to the possibility of its dealer agreement for the Plainview dealership transferring to a stalking horse bidder in a few weeks.
Gulf States Toyota objects to the possibility of its dealer agreement for the Plainview dealership transferring to a stalking horse bidder in a few weeks.
During Wednesday's hearing at the Federal Bankruptcy Court, an attorney for Reagor-Dykes via phone tells the court the state Attorney General office may request extensions for some consumers to continue driving on expired, temporary plates.
During Wednesday's hearing at the Federal Bankruptcy Court, an attorney for Reagor-Dykes via phone tells the court the state Attorney General office may request extensions for some consumers to continue driving on expired, temporary plates.
The new petitioners are Reagor Auto Mall, Reagor-Dykes Auto Mall, Reagor-Dykes II, Reagor-Dykes III, and Reagor-Dykes Snyder. Reagor Auto Mall does business as Reagor-Dykes Levelland and Reagor-Dykes Imports.
The new petitioners are Reagor Auto Mall, Reagor-Dykes Auto Mall, Reagor-Dykes II, Reagor-Dykes III, and Reagor-Dykes Snyder. Reagor Auto Mall does business as Reagor-Dykes Levelland and Reagor-Dykes Imports.
There still is no resolution for Reagor-Dykes customers who either have unpaid tax, title and license or a trade-in that has not been paid off. But, according to an attorney for Reagor-Dykes, resolution could be reached with lenders by the end of the week.
There still is no resolution for Reagor-Dykes customers who either have unpaid tax, title and license or a trade-in that has not been paid off. But, according to an attorney for Reagor-Dykes, resolution could be reached with lenders by the end of the week.
Reagor Auto Mall and co-owner Bart Reagor admit the Auto Mall has defaulted on payments demanded to First Bank & Trust, but claim the bank is partly at fault.
Reagor Auto Mall and co-owner Bart Reagor admit the Auto Mall has defaulted on payments demanded to First Bank & Trust, but claim the bank is partly at fault.
Vista Bank has asked the Bankruptcy Court to allow it to access funds in Reagor-Dykes accounts it holds, to partially offset losses from what it alleges is a multi-million dollar check kiting scheme perpetrated by the Auto Group and other entities.
Vista Bank has asked the Bankruptcy Court to allow it to access funds in Reagor-Dykes accounts it holds, to partially offset losses from what it alleges is a multi-million dollar check kiting scheme perpetrated by the Auto Group and other entities.
For Reagor-Dykes customers who either have unpaid tax, title and license or an unpaid trade-in balance, they will have to wait a little longer for resolution.
For Reagor-Dykes customers who either have unpaid tax, title and license or an unpaid trade-in balance, they will have to wait a little longer for resolution.
Ahead of Thursday's hearing in U.S. Bankruptcy Court, more lenders have filed objections to Reagor-Dykes Auto Group's request that lenders pay tax, title and license balances and trade-in liens.
Ahead of Thursday's hearing in U.S. Bankruptcy Court, more lenders have filed objections to Reagor-Dykes Auto Group's request that lenders pay tax, title and license balances and trade-in liens.
Several customers who bought a vehicle from Reagor-Dykes have unpaid TT&L or trade-ins. Reagor-Dykes has proposed lenders pay these amounts. One of these lenders, U.S. Bank, objects.
Several customers who bought a vehicle from Reagor-Dykes have unpaid TT&L or trade-ins. Reagor-Dykes has proposed lenders pay these amounts. One of these lenders, U.S. Bank, objects.
Representatives for Reagor Auto Mall admit it has defaulted on loans, according to a judge's order filed Monday.
Representatives for Reagor Auto Mall admit it has defaulted on loans, according to a judge's order filed Monday.
U.S. Bankruptcy Judge Robert Jones has approved a motion allowing sale of a Reagor-Dykes aircraft. Also, Wells Fargo filed objection to part of the request for lenders to pay off TT&L and trade-ins.
U.S. Bankruptcy Judge Robert Jones has approved a motion allowing sale of a Reagor-Dykes aircraft. Also, Wells Fargo filed objection to part of the request for lenders to pay off TT&L and trade-ins.
Ford Motor Credit supports parts of Reagor-Dykes' motion to require lenders to pay tax, title and license fees and trade-in liens. Reagor-Dykes explains its access to funds to pay these amounts has been cut off.
Ford Motor Credit supports parts of Reagor-Dykes' motion to require lenders to pay tax, title and license fees and trade-in liens. Reagor-Dykes explains its access to funds to pay these amounts has been cut off.
FirstCapital Bank filed a motion to dismiss First Bank & Trust's lawsuit against it in federal court. It also filed a counterclaim, alleging wrongdoing by First Bank & Trust.
FirstCapital Bank filed a motion to dismiss First Bank & Trust's lawsuit against it in federal court. It also filed a counterclaim, alleging wrongdoing by First Bank & Trust.
Attorneys for Reagor-Dykes and Madison Funding LLC have filed court documents stating both sides have agreed to terms to allow a Reagor-Dykes company to sell an aircraft.
Attorneys for Reagor-Dykes and Madison Funding LLC have filed court documents stating both sides have agreed to terms to allow a Reagor-Dykes company to sell an aircraft.
Reagor-Dykes asks the bankruptcy court to allow KamKad Automotive to be involved in trade-ins now, helping kick-start business before the dealerships are sold. There are several other new filings in this case.
Reagor-Dykes asks the bankruptcy court to allow KamKad Automotive to be involved in trade-ins now, helping kick-start business before the dealerships are sold. There are several other new filings in this case.
Ford Motor Credit is asking a federal bankruptcy judge to deny Reagor-Dykes from considering its original bankruptcy attorneys as employed.
Ford Motor Credit is asking a federal bankruptcy judge to deny Reagor-Dykes from considering its original bankruptcy attorneys as employed.
KamKad Automotive and the Reagor-Dykes Auto Group have entered a purchase agreement as part of the bidding process in bankruptcy proceedings.
KamKad Automotive and the Reagor-Dykes Auto Group have entered a purchase agreement as part of the bidding process in bankruptcy proceedings.
The attorney for FirstCapital Bank filed a request to move First Bank & Trust's lawsuit against FirstCapital, Reagor-Dykes and several others to federal court.
The attorney for FirstCapital Bank filed a request to move First Bank & Trust's lawsuit against FirstCapital, Reagor-Dykes and several others to federal court.
In Vista Bank's lawsuit against FirstCapital Bank and its CEO and its chairman, the judge has set a schedule for the case. Trial is scheduled for March 2020.
In Vista Bank's lawsuit against FirstCapital Bank and its CEO and its chairman, the judge has set a schedule for the case. Trial is scheduled for March 2020.
Through his attorney, former Reagor-Dykes chief financial officer Shane Smith said Vista Bank has attacked him and his family through a lawsuit filed this week.
Through his attorney, former Reagor-Dykes chief financial officer Shane Smith said Vista Bank has attacked him and his family through a lawsuit filed this week.
Vista Bank is suing former Reagor-Dykes chief financial officer Shane Smith for an unpaid loan. According to Vista's filing, Smith signed for a $200,000 loan in January. The loan would mature in January 2019.
Vista Bank is suing former Reagor-Dykes chief financial officer Shane Smith for an unpaid loan. According to Vista's filing, Smith signed for a $200,000 loan in January. The loan would mature in January 2019.
First Bank & Trust has filed a lawsuit against Reagor Auto Mall d/b/a Reagor-Dykes of Levelland and d/b/a Reagor Dykes Imports, First Capital Bank, Bart Reagor, Rick Dykes, Shane Smith, Sheila Miller, Brad Burgess and Kenneth Burgess.
First Bank & Trust has filed a lawsuit against Reagor Auto Mall d/b/a Reagor-Dykes of Levelland and d/b/a Reagor Dykes Imports, First Capital Bank, Bart Reagor, Rick Dykes, Shane Smith, Sheila Miller, Brad Burgess and Kenneth Burgess.
The Texas Department of Motor Vehicles has contacted the chief restructuring officer effectively running Reagor-Dykes Auto Group while in bankruptcy proceedings, informing his team of about 100 consumer complaints.
The Texas Department of Motor Vehicles has contacted the chief restructuring officer effectively running Reagor-Dykes Auto Group while in bankruptcy proceedings, informing his team of about 100 consumer complaints.
A day after the attorney for First Capital Bank filed a motion to dismiss Vista Bank's lawsuit, attorney for Brad and Kenneth Burgess filed a similar motion. Brad Burgess is First Capital CEO, Kenneth Burgess is First Capital Chairman.
A day after the attorney for First Capital Bank filed a motion to dismiss Vista Bank's lawsuit, attorney for Brad and Kenneth Burgess filed a similar motion. Brad Burgess is First Capital CEO, Kenneth Burgess is First Capital Chairman.
First Capital Bank filed a motion to dismiss a lawsuit by Vista Bank, claiming both banks are victims of a check kiting scheme by Reagor-Dykes.
First Capital Bank filed a motion to dismiss a lawsuit by Vista Bank, claiming both banks are victims of a check kiting scheme by Reagor-Dykes.
KamKad Automotive Group is expected to purchase the Reagor-Dykes Auto Group by late November, following the U.S. Bankruptcy Court's approval of the next steps in the bid process Tuesday.
KamKad Automotive Group is expected to purchase the Reagor-Dykes Auto Group by late November, following the U.S. Bankruptcy Court's approval of the next steps in the bid process Tuesday.
Ford Motor Credit and General Motors have joined Gulf States Toyota in filing objections to at least some parts of a proposed sale of the Reagor-Dykes Auto Group.
Ford Motor Credit and General Motors have joined Gulf States Toyota in filing objections to at least some parts of a proposed sale of the Reagor-Dykes Auto Group.
Gulf States Toyota objects in U.S. Bankruptcy Court to Reagor-Dykes' request to allow it to begin the process to sell its assets. It states the dealership agreement for the Plainview Toyota dealership will expire before a proposed sale date.
Gulf States Toyota objects in U.S. Bankruptcy Court to Reagor-Dykes' request to allow it to begin the process to sell its assets. It states the dealership agreement for the Plainview Toyota dealership will expire before a proposed sale date.
Ford Motor Credit's lawsuit against the Reagor-Dykes Auto Group, Bart Reagor and Rick Dykes is scheduled for trial Feb. 3, 2020.
Ford Motor Credit's lawsuit against the Reagor-Dykes Auto Group, Bart Reagor and Rick Dykes is scheduled for trial Feb. 3, 2020.
Responding to Ford Motor Credit's lawsuit, a filing on behalf of Bart Reagor and Reagor-Dykes companies that have not filed for bankruptcy, the defendants deny vehicles were sold out of trust.
Responding to Ford Motor Credit's lawsuit, a filing on behalf of Bart Reagor and Reagor-Dykes companies that have not filed for bankruptcy, the defendants deny vehicles were sold out of trust.
In his response to Ford Motor Credit's law suit, Reagor-Dykes co-owner Rick Dykes accused the company's former chief financial officer of providing false information to FMC.
In his response to Ford Motor Credit's law suit, Reagor-Dykes co-owner Rick Dykes accused the company's former chief financial officer of providing false information to FMC.
A new court filing for the landlord of the Reagor-Dykes Plainview location essentially states it does not object to sale of the Auto Group. But it wants to be paid rent as soon as possible and not lost in the shuffle of many transactions ongoing.
A new court filing for the landlord of the Reagor-Dykes Plainview location essentially states it does not object to sale of the Auto Group. But it wants to be paid rent as soon as possible and not lost in the shuffle of many transactions ongoing.
The Chief Restructuring Officer for Reagor-Dykes files documents in bankruptcy court asking for approval to start bidding procedures for remaining assets.
The Chief Restructuring Officer for Reagor-Dykes files documents in bankruptcy court asking for approval to start bidding procedures for remaining assets.
You can add the Internal Revenue Service to the long list of parties involved in the Reagor-Dykes bankruptcy case.
You can add the Internal Revenue Service to the long list of parties involved in the Reagor-Dykes bankruptcy case.
These are some procedural updates in both Ford Motor Credit's lawsuit against Reagor-Dykes as well as bankruptcy proceedings for some Reagor-Dykes companies.
These are some procedural updates in both Ford Motor Credit's lawsuit against Reagor-Dykes as well as bankruptcy proceedings for some Reagor-Dykes companies.
The Reagor-Dykes Auto Group has established a process for customers who have had problems with one of its dealerships find a resolution.
The Reagor-Dykes Auto Group has established a process for customers who have had problems with one of its dealerships find a resolution.
Laredo-based International Bank of Commerce claims Reagor-Dykes has failed to make loan payments since filing for chapter 11 protections.
Laredo-based International Bank of Commerce claims Reagor-Dykes has failed to make loan payments since filing for chapter 11 protections.
Senior U.S. District Judge Sam Cummings has granted an extension for some Reagor-Dykes entities to respond to Ford Motor Credit's lawsuit. In the request for extension it's noted more Reagor-Dykes companies as well as Bart Reagor and Rick Dykes may file for bankruptcy.
Senior U.S. District Judge Sam Cummings has granted an extension for some Reagor-Dykes entities to respond to Ford Motor Credit's lawsuit. In the request for extension it's noted more Reagor-Dykes companies as well as Bart Reagor and Rick Dykes may file for bankruptcy.
During testimony Thursday, three potential dealership buyers were mentioned, with bids expected soon. Also, the face of the Reagor-Dykes Auto Group was subpoenaed but did not appear in court.
During testimony Thursday, three potential dealership buyers were mentioned, with bids expected soon. Also, the face of the Reagor-Dykes Auto Group was subpoenaed but did not appear in court.
International Bank of Commerce filed objections in bankruptcy court to the use of cash collateral that has kept the Reagor-Dykes Auto Group operating on a bare-bones budget. It claims Reagor-Dykes is a few months late on loan payments.
International Bank of Commerce filed objections in bankruptcy court to the use of cash collateral that has kept the Reagor-Dykes Auto Group operating on a bare-bones budget. It claims Reagor-Dykes is a few months late on loan payments.
Attorneys for Ford Motor Credit have filed objection to the law firm Reagor-Dykes Auto Group initially hired to handle bankruptcy proceedings, claiming several conflicts that could damage the bankruptcy estate.
Attorneys for Ford Motor Credit have filed objection to the law firm Reagor-Dykes Auto Group initially hired to handle bankruptcy proceedings, claiming several conflicts that could damage the bankruptcy estate.
Vista Bank filed to drop its state lawsuit against FirstCapital Bank and filed in federal court Monday, asking for more than $12 million in relief from a check kiting scheme it claims was perpetrated in part by Rick Dykes, according to court filings.
Vista Bank filed to drop its state lawsuit against FirstCapital Bank and filed in federal court Monday, asking for more than $12 million in relief from a check kiting scheme it claims was perpetrated in part by Rick Dykes, according to court filings.
Add another creditor to the Reagor-Dykes bankruptcy case -- its now former bankruptcy attorneys.
Add another creditor to the Reagor-Dykes bankruptcy case -- its now former bankruptcy attorneys.
General Motors is asking the federal bankruptcy court to lift an automatic stay and allow it to terminate its dealer agreement with Reagor-Dykes Floydada.
General Motors is asking the federal bankruptcy court to lift an automatic stay and allow it to terminate its dealer agreement with Reagor-Dykes Floydada.
Two investment companies have filed notice for Reagor-Dykes Auto Group to pay rent due or move out from locations on 82nd Street near Milwaukee Avenue. A similar demand has been made regarding the Plainview dealership.
Two investment companies have filed notice for Reagor-Dykes Auto Group to pay rent due or move out from locations on 82nd Street near Milwaukee Avenue. A similar demand has been made regarding the Plainview dealership.
Ford Motor Credit is proceeding with its lawsuit against Bart Reagor, Rick Dykes and Reagor-Dykes companies that are not included in chapter 11 bankruptcy filings.
Ford Motor Credit is proceeding with its lawsuit against Bart Reagor, Rick Dykes and Reagor-Dykes companies that are not included in chapter 11 bankruptcy filings.
Read the court order that details what was agreed and ordered in Thursday's Reagor-Dykes bankruptcy hearing.
Read the court order that details what was agreed and ordered in Thursday's Reagor-Dykes bankruptcy hearing.
In a new filing in the Reagor-Dykes bankruptcy case, a dealership owner claims Reagor-Dykes owes $513,717 for vehicles that may be in possession of consumers.
In a new filing in the Reagor-Dykes bankruptcy case, a dealership owner claims Reagor-Dykes owes $513,717 for vehicles that may be in possession of consumers.
FirstCapital Bank rejected claims Vista Bank made in a lawsuit, stating it reacted to Reagor-Dykes' lawsuit in the same manner as other banks. Further, this document points to actions of R-D's chief financial officer.
FirstCapital Bank rejected claims Vista Bank made in a lawsuit, stating it reacted to Reagor-Dykes' lawsuit in the same manner as other banks. Further, this document points to actions of R-D's chief financial officer.
Vista Bank is suing FirstCapital Bank, its CEO and its chairman claiming more than $6 million in damages because Reagor-Dykes owner Rick Dykes provided advance notice of Ford Motor Credit's legal action and impending bankruptcy proceedings. Vista claims a check kiting scheme was carried out.
Vista Bank is suing FirstCapital Bank, its CEO and its chairman claiming more than $6 million in damages because Reagor-Dykes owner Rick Dykes provided advance notice of Ford Motor Credit's legal action and impending bankruptcy proceedings. Vista claims a check kiting scheme was carried out.
The Bankruptcy Court has allowed Reagor-Dykes' continued use of cash collateral to pay employees and cover overhead. The Court has also allowed the hiring of a chief restructuring officer on an interim basis.
The Bankruptcy Court has allowed Reagor-Dykes' continued use of cash collateral to pay employees and cover overhead. The Court has also allowed the hiring of a chief restructuring officer on an interim basis.
Two appraisal districts have filed to intervene in the Reagor-Dykes Auto Group bankruptcy case. The Floyd and Midland County Appraisal Districts claim Reagor-Dykes owes more than $143,649.44 in property taxes for 2017 and 2018.
Two appraisal districts have filed to intervene in the Reagor-Dykes Auto Group bankruptcy case. The Floyd and Midland County Appraisal Districts claim Reagor-Dykes owes more than $143,649.44 in property taxes for 2017 and 2018.
The Reagor-Dykes Auto Group issued a written statement apologizing to customers, friends and employees who have suffered any inconvenience past few weeks.
The Reagor-Dykes Auto Group issued a written statement apologizing to customers, friends and employees who have suffered any inconvenience past few weeks.
There are three kings in Floydada: "It's cotton, pumpkins, and Reagor-Dykes," said Floydada Chamber of Commerce Manager Kortney Debock.
There are three kings in Floydada: "It's cotton, pumpkins, and Reagor-Dykes," said Floydada Chamber of Commerce Manager Kortney Debock.
Vehicle auction companies Manheim Remarketing, Inc. and Online Vehicle Exchange, L.L.C. requested a U.S. Bankruptcy Court allow it to proceed to reclaim $687,345. It claims Reagor-Dykes has not paid it for 16 vehicles sold in July.
Vehicle auction companies Manheim Remarketing, Inc. and Online Vehicle Exchange, L.L.C. requested a U.S. Bankruptcy Court allow it to proceed to reclaim $687,345. It claims Reagor-Dykes has not paid it for 16 vehicles sold in July.
In Ford Credit's opposition to Reagor-Dykes hiring a chief restructuring officer, it claims the company has not followed court orders. Ford Credit also claims R-D is not selling vehicles. The Court has allowed R-D more time to submit financial documents.
In Ford Credit's opposition to Reagor-Dykes hiring a chief restructuring officer, it claims the company has not followed court orders. Ford Credit also claims R-D is not selling vehicles. The Court has allowed R-D more time to submit financial documents.
A U.S. Justice Department Trustee opposes a request made by Reagor-Dykes Auto Group in Bankruptcy Court to hire a chief restructuring officer. Instead, the trustee supports Ford Motor's request.
A U.S. Justice Department Trustee opposes a request made by Reagor-Dykes Auto Group in Bankruptcy Court to hire a chief restructuring officer. Instead, the trustee supports Ford Motor's request.
In Ford Motor Credit's request for a Chapter 11 trustee to oversee Reagor-Dykes operations, it explains further allegations of wrongdoing. Ford claims actions, if proven true, would lead to years in prison. Also, General Motors has filed notice to take action on RD's Floydada dealership.
In Ford Motor Credit's request for a Chapter 11 trustee to oversee Reagor-Dykes operations, it explains further allegations of wrongdoing. Ford claims actions, if proven true, would lead to years in prison. Also, General Motors has filed notice to take action on RD's Floydada dealership.
Reagor-Dykes has filed a request to hire an independent restructuring officer. And it questions the actions of its former CFO. Also, a company that provides warranty and service contracts to Reagor-Dykes claims it is due $700,000 now and objects to plans in place for use of cash collateral.
Reagor-Dykes has filed a request to hire an independent restructuring officer. And it questions the actions of its former CFO. Also, a company that provides warranty and service contracts to Reagor-Dykes claims it is due $700,000 now and objects to plans in place for use of cash collateral.
Following a Bankruptcy Court hearing last Friday, employees of the Reagor-Dykes Auto Group were assured they would get paid. Now, some claim that has not happened.
Following a Bankruptcy Court hearing last Friday, employees of the Reagor-Dykes Auto Group were assured they would get paid. Now, some claim that has not happened.
Since the Reagor-Dykes bankruptcy, sources told us sales associates were told to 'unwind' any deal done within the last few weeks. This focuses on trade ins, where salesmen are trying to locate Reagor-Dykes vehicles then help customers find their old vehicles.
Since the Reagor-Dykes bankruptcy, sources told us sales associates were told to 'unwind' any deal done within the last few weeks. This focuses on trade ins, where salesmen are trying to locate Reagor-Dykes vehicles then help customers find their old vehicles.
A U.S. District Judge granted a request on behalf of Reagor-Dykes Auto Group companies requesting a stay in Ford Motor Company's $116 million lawsuit against the companies.
A U.S. District Judge granted a request on behalf of Reagor-Dykes Auto Group companies requesting a stay in Ford Motor Company's $116 million lawsuit against the companies.
NEW: A U.S. District Judge approved Reagor-Dykes Auto Group to use cash to pay employees. The ruling came in an emergency hearing requested by Reagor-Dykes. Bart Reagor and Rick Dykes placed $468,000 into a bank account to make payroll to the company's employees.
NEW: A U.S. District Judge approved Reagor-Dykes Auto Group to use cash to pay employees. The ruling came in an emergency hearing requested by Reagor-Dykes. Bart Reagor and Rick Dykes placed $468,000 into a bank account to make payroll to the company's employees.
The lawsuit Ford Motor Credit filed against Reagor-Dykes Auto Group and owners Bart Reagor and Rick Dykes claims Reagor made physical threats of violence against Ford representatives.
The lawsuit Ford Motor Credit filed against Reagor-Dykes Auto Group and owners Bart Reagor and Rick Dykes claims Reagor made physical threats of violence against Ford representatives.
Ford Motor Credit has filed suit against Lubbock-based Reagor-Dykes Auto Group, claiming the company is "in default, having breached their agreements with Ford Credit".
Ford Motor Credit has filed suit against Lubbock-based Reagor-Dykes Auto Group, claiming the company is "in default, having breached their agreements with Ford Credit".
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