Norman Ridker, whose Thoroughbred Times owed millions of dollars to creditors when he closed the company through Chapter 7 bankruptcy, secured a large personal payday Feb. 1 by selling his remaining magazines.
A meeting is scheduled in Lexington Oct. 16 for creditors of Thoroughbred Times Inc., which filed for Chapter 7 bankruptcy protection Sept. 14 and ceased operations of the Thoroughbred magazine and website.
The Chapter 7 bankruptcy filing by the publisher of Thoroughbred Times lists liabilities of nearly $5.3 million and assets totaling just under $1 million.
Thoroughbred Times, a Lexington-based magazine dedicated to the Thoroughbred racing industry, declared Chapter 7 bankruptcy and terminated operations Sept. 14, editor in chief Mark Simon confirmed the following day.
Most Popular Stories
- American Pharoah Arrives at Belmont
- Coolmore: Zenyatta's Dam Vertigineux Has Died
- Pan American Conference Draws a Crowd
- Sun and Warmer Temps Forecast for Belmont Day
- American Pharoah Has Final Breeze for Belmont
- De Kock Says American Pharoah a 'Super Horse'
- Sherman Reflects on Belmont Past and Present
- Stewart 'Feeling Good' About Tale of Verve
- NBC Set for Belmont Stakes Coverage
- NYRA Chairman Bonomo Takes Leave of Absence