Tennessee Bankruptcy Court Rules In Favor Of AHRMA

Tennessee Bankruptcy Court Rules In Favor Of AHRMA

© 2007, Roadracing World Publishing, Inc.

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Earlier this afternoon, the Bankruptcy Court for the Middle District of Tennessee, (Judge Marian Harrison, presiding), issued its ruling in the AHRMA bankruptcy case. In summary, the Court denied the motions of Team Obsolete to seek transfer of venue to New York. In addition, the Court also denied the motions of Team Obsolete for abstention or suspension. The Court sustained AHRMA’s motion to estimate the claim (of Team Obsolete) in the bankruptcy case, and a conference to determine the procedures to estimate the Team Obsolete claim was set for March 26, 2007 in the Bankruptcy Court in Nashville, Tennessee.

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