Appraisal districts file in Reagor-Dykes bankruptcy case

Appraisal districts file in Reagor-Dykes bankruptcy case

Posted: Updated:
LUBBOCK, Texas -

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 $143,649.44 in property taxes for 2017 and 2018. 

The appraisal districts indicate Texas law gives tax collectors priority over other creditors. The districts ask the court to modify an automatic stay against Ford Motor Credit and Manheim Remarketing, Inc. and Online Vehicle Exchange, L.L.C. If this request is granted, it asks those companies notify the districts if the companies seize any collateral.

WEDNESDAY: Reagor-Dykes Auto Group issues written apology
TUESDAY: Loss of Reagor-Dykes Chevrolet in Floydada a potential financial pitfall for city
TUESDAY: Vehicle auction company claims Reagor-Dykes owes it $687,000
TUESDAY: Ford Credit claims Reagor-Dykes is not following court orders; court grants extension to file docs
MONDAY: U.S. Trustee opposes Reagor-Dykes request to hire chief restructuring officer
AUG. 10: Ford Credit: Reagor-Dykes fraud may be among largest of its type in U.S. history; GM files to terminate Floydada dealership
AUG. 9: Reagor-Dykes questions former CFO’s actions; Contractor claims $700,000 due now
AUG. 7: Former Reagor-Dykes employees claim they were not paid
AUG. 6: Customers concerned over Reagor-Dykes 'unwinding' process
AUG. 6: Ford suit against Reagor-Dykes on hold while bankruptcy case proceeds
AUG. 3: Judge approves Reagor-Dykes employee pay
AUG. 2: Mayor: Downtown Lubbock growth to remain strong regardless of Reagor-Dykes future
INITIAL STORY: Ford Motor Credit sues Reagor-Dykes; R-D files for chapter 11 bankruptcy

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