The Skip Barker Racing School is apparently filing for personal bankruptcy and has somewhere between $10-million to $50-million in superior liabilities.
The report comes fromThe Drive, claiming the institution filed an application for Chapter 11 insolvency in United States Bankruptcy Court for the Southern District of New york city earlier today. A duplicate was provided to the internet site, which declares Miss Barber Competing Institution owes Lime Rock Park of Connecticut $1.225-million for track leasing costs. The paradox, of training coursenaturally, is that Lime Rock Park is possessed by Avoid Barber himself, that established the auto racing school. Barber, however, has distanced himself from the school because he marketedsold managing interest in 1999.
report comes fromThe Drive, saying the school filed a petition for Phase 11 bankruptcy in United States Personal bankruptcy Court for the Southern District of New York previously today. A copy was supplied to the web site, which asserts Avoid Barber Racing College owes Lime Rock Park of Connecticut $1.225-million for track rental fees. The irony, of course, is that Lime Rock Park is owned by Miss Barber himself, that founded the auto racing institution.