Bill Davis Trucking Inc. of Batesville has filed for Chapter 11 bankruptcy protection. Bill Davis, company president, is widely known as owner of a NASCAR team.
The company's attorney, Geoff Treece of Little Rock, declined to comment on the pending case.
A meeting with creditors is scheduled for Dec. 18, according to an Oct. 22 filing in the U.S. Bankruptcy Court for the Eastern District Arkansas in Batesville. Audrey R. Evans is the presiding judge.
Chapter 11 allows restructuring of debt so that a company can continue to operate.
A list of assets and liabilities is not currently available. The deadline for filing that is Nov. 6.
Davis also owns Bill Davis Racing, based in High Point, N.C. It had been speculated that his NASCAR team would potentially be sold or bought into. Davis confirmed that ownership had not changed hands.
For more information see today's Arkansas Democrat-Gazette.
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