Reagor Dykes asks for September 18 hearing on possible sale

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The Reagor Dykes (RD) companies on Wednesday morning requested an expedited hearing on the possible sale of RD dealerships.

On Tuesday the Chief Restructuring Officer for RD requested permission from a bankruptcy judge to sell the assets of 13 dealerships.  The estimated price would be more than $25 million.

Related Story: Reagor Dykes has “stalking horse bidder,” could be sold for $25 million  

The request on Wednesday was to hold a hearing on this issue on September 18 at 10 a.m.

A list of RD companies filed for bankruptcy on August 1 after Ford Motor Credit Company accused RD of defaulting on $40 million.  Ford later accused RD of outright fraud.

Related Stories: Reagor Dykes – extended coverage of the bankruptcy  

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