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
- Arrogate Brings Baffert Back to World Cup
- Litfin at Large: Getting Handle on Dubai World Cup Card
- Arrogate Lands Post Nine For Dubai World Cup
- Mind Your Biscuits Could Give Summers First Win
- El Areeb Works at Laurel Toward Wood Memorial
- Hope Floats for Hoppertunity in Dubai World Cup
- Steve Haskin's Derby Dozen - March 21, 2017
- Mastery to Claiborne Farm Upon Retirement
- HRRN Set for Dubai, Gulfstream Coverage
- Suffolk Downs Files Paperwork for Racetrack Sale