Reagor-Dykes 

First Bank & Trust proposes converting Reagor-Dykes bankruptcy to liquidation
First Bank & Trust proposes converting Reagor-Dykes bankruptcy to liquidation

In a motion filed Friday, Reagor-Dykes Auto Group creditor First Bank & Trust asked a U.S. bankruptcy court to convert the auto group's case from reorganization to liquidation, arguing the debtor has failed to propose ways to benefit its creditors.

Objections remain in Reagor-Dykes' path to reorganization
Objections remain in Reagor-Dykes' path to reorganization

Ford Credit still has objections to parts of Reagor-Dykes' proposed reorganization plan.

U.S. Trustee objects to Reagor-Dykes proposed use of cash collateral
U.S. Trustee objects to Reagor-Dykes proposed use of cash collateral

Days before the next scheduled hearing in the Reagor-Dykes bankruptcy case, a U.S. Trustee filed objection to the proposal to use cash collateral.

Trial date set in Ford Credit vs. Bart Reagor
Trial date set in Ford Credit vs. Bart Reagor

Senior U.S. District Judge Sam Cummings has set a trial date in determining what Bart Reagor owes to Ford Motor Credit. 

International Bank of Commerce sues Ford Credit, claims damages tied to Reagor-Dykes collapse
International Bank of Commerce sues Ford Credit, claims damages tied to Reagor-Dykes collapse

International Bank of Commerce is suing Ford Motor Credit, claiming it had an advantage over other lenders. It claims Ford Credit did not inform any other parties of major fraud until it was too late to mitigate damages.

UPDATED: Hearing on what Ford Credit claims Reagor owes rescheduled
UPDATED: Hearing on what Ford Credit claims Reagor owes rescheduled

A hearing was scheduled in Lubbock Federal Court Thursday morning over how much Bart Reagor personally owes to Ford Motor Credit. The hearing has been postponed.

Anthony Hall
Justice Hancock assigned to IBC vs. Reagor, R&D Acquisitions lawsuit
Justice Hancock assigned to IBC vs. Reagor, R&D Acquisitions lawsuit

An administrative judge has assigned a new judge to oversee International Bank of Commerce Oklahoma's lawsuit against Bart Reagor and Rick Dykes.

IBC Bank moves for summary judgment vs. Reagor, judge recuses himself
IBC Bank moves for summary judgment vs. Reagor, judge recuses himself

99th District Court Judge Bill Sowder has recused himself from a lawsuit filed against Bart Reagor. A new judge will have to decide whether to expedite a decision on International Bank of Commerce Oklahoma's claims against him.

Hearing on Reagor-Dykes reorganization plan scheduled
Hearing on Reagor-Dykes reorganization plan scheduled

There is a date set for hearing the Reagor-Dykes Auto Group's disclosure statement, for its re-organization plan.

Reagor-Dykes files reorganization plan
Reagor-Dykes files reorganization plan

The Chapter 11 reorganization plan includes up to $14 million from an unnamed "plan sponsor," agreements with Ford, GM, and Toyota, new consulting services to ensure smooth operations, and payments to creditors.

Anthony Hall
Bart Reagor states he had no knowledge of fraud, check kiting
Bart Reagor states he had no knowledge of fraud, check kiting

A consulting and media firm has released statements on behalf of Bart Reagor, stating he had no knowledge of alleged fraud at his Auto Group.

UPDATE: Judge approves bankruptcy plan schedule for Reagor-Dykes
UPDATE: Judge approves bankruptcy plan schedule for Reagor-Dykes

This will allow Reagor-Dykes to cut a deal with its creditors and lenders -- likely including Ford Motor Credit and GM Financial -- to make debt repayment more achievable.

Anthony Hall
UPDATED: Former Reagor-Dykes CFO pleads to federal conspiracy charge
UPDATED: Former Reagor-Dykes CFO pleads to federal conspiracy charge

Former Reagor-Dykes CFO Shane Smith has pleaded guilty to a federal charge of conspiracy to commit wire fraud. New documents show e-mails between Smith and other employees discussing financing fraud.

Anthony Hall
July 11 hearing set on amount Reagor owes to Ford Credit
July 11 hearing set on amount Reagor owes to Ford Credit

After a judge granted Ford Credit summary judgment in its suit against Bart Reagor, Reagor asked Ford Credit to show its work. A hearing next month will address the dispute.

Reagor: Ford Credit must show its work on how much it's owed
Reagor: Ford Credit must show its work on how much it's owed

Reagor's attorneys essentially ask the court to force Ford Credit to prove, line-by-line and with documentation, how much Reagor personally owes to the credit agency, 

Anthony Hall
Ford collects: Reagor-Dykes' assets to be liquidated in Saturday auction
Ford collects: Reagor-Dykes' assets to be liquidated in Saturday auction

Some major remnants of the Reagor-Dykes Auto Group will be auctioned off Saturday. It has been seized as part of Ford Motor Credit's collateral, as it includes assets from seven dealership locations across West Texas.

Jonah Tuls
Ford Credit: Bart Reagor owes $46 million plus interest
Ford Credit: Bart Reagor owes $46 million plus interest

Ford Motor Credit Company estimated Bart Reagor, the namesake co-owner of the bankruptcy-ridden Reagor-Dykes Auto Group, owes it $46.7 million following Senior U.S. District Judge Sam Cummings's ruling against the lone defendant on May 24.

Anthony Hall
Ford Credit wins; court orders Reagor to pay
Ford Credit wins; court orders Reagor to pay

Senior U.S. District Court Judge Sam Cummings ordered summary judgment against Bart Reagor in an order filed late Friday. He holds Reagor solely responsible for the remainder of what the Reagor-Dykes Auto Group owes to the Ford Motor Credit Company.

Anthony Hall
Progress reported in resolving Reagor-Dykes registration issues
Progress reported in resolving Reagor-Dykes registration issues

Progress is being made in resolving some of hundreds of Reagor-Dykes customers' registration issues.

Oklahoma bank sues Reagor, Dykes, offshore financial companies for $26 million
Oklahoma bank sues Reagor, Dykes, offshore financial companies for $26 million

The International Bank of Commerce - Oklahoma filed suit Thursday in a Lubbock district court against co-owners Bart Reagor and Rick Dykes individually, as well as multiple capital and insurance branches of the Reagor-Dykes Auto Group.

Anthony Hall
State of Texas sues Reagor, Dykes for more than $50,000 in sales taxes
State of Texas sues Reagor, Dykes for more than $50,000 in sales taxes

The State of Texas filed suit against Bart Reagor and Rick Dykes, individually, in Travis County Monday, asking for more than $50,000 in unpaid sales taxes plus interest and attorney's fees.

Reagor-Dykes registration issues may soon be resolved
Reagor-Dykes registration issues may soon be resolved

During a hearing in bankruptcy court Wednesday morning, Reagor-Dykes counsel said resolutions have been reached with multiple entities that earlier filed objections to this plan. It would allow Lubbock County to register vehicles, waiving unpaid sales tax. 

Bart, Annette Reagor deny breaching insurance corporation contracts in $2.4 million suit
Bart, Annette Reagor deny breaching insurance corporation contracts in $2.4 million suit

The Reagor-Dykes Auto Group co-owner and his wife denied most claims from an insurance company in its $2.4 million dollar lawsuit against the couple. Universal Underwriters Service Corporation sued the Reagors in March, asking for backpay it claims Reagor-Dykes owes from insurance contracts.

Anthony Hall
Progress but no agreement, just yet, on Reagor-Dykes TT&L plan
Progress but no agreement, just yet, on Reagor-Dykes TT&L plan

Progress is being made on a plan to resolve hundreds of tax, title and license issues for Reagor-Dykes customers. But there isn't an agreement just yet. 

Multiple objections filed to Reagor-Dykes' registration solution proposal
Multiple objections filed to Reagor-Dykes' registration solution proposal

Several entities connected to the Reagor-Dykes Auto Group object to its proposal and amended proposal to resolve hundreds of tax, title and license issues. It's not the issue of resolving customer's problems ongoing since early August. It's how it should get done. 

GM Financial: Assurances needed before delivering titles to Reagor-Dykes
GM Financial: Assurances needed before delivering titles to Reagor-Dykes

GM Financial supports the effort to resolve hundreds of problems keeping Reagor-Dykes customers from registering their vehicles. But it does not want to turn over titles or other documents without a guarantee it will be paid.