bankruiptcy

The aim is to find a buyer who wants it for a racino A lawyer representing Hawthorne Race Course in the track's Chapter 11 bankruptcy attempt to restructure between $100 and $500 million in debt told the Illinois Racing Board (IRB) on Wednesday that the track's ownership has asked a federal judge for a time extension that, if granted, could accommodate a potential auction of the property by early August. Both Tim Carey, the president of the family-owned Hawthorne, and his bankruptcy attorney, Barry Chatz, underscored during their update to...