Stephen C. Fyffe sued Bart Reagor and Rick Dykes in State District Court for at least $94,344.34. Fyffe’s lawsuit said as part of a 2015 agreement, Reagor Dykes purchased Oden Chevrolet in Floydada.
Reagor Dykes filed for bankruptcy and cannot, at least for now, be sued. But the lawsuit said Bart Reagor and Rick Dykes personally guaranteed part of the deal.
There were several ingredients of the deal for Reagor Dykes to purchase Oden. One of them was a $430,000 note to be paid over 36 months. At the time that that Reagor Dykes stopped making payments, there was still an unpaid balance of more than $94,000, according to the lawsuit.
Reagor Dykes was also supposed to pay vehicle leases for Fyffe and his wife for a total of five years. Those lease payments also stopped.
Mr. Reagor and Mr. Dykes have not yet responded with their side of the story in court records.