Bill Davis Trucking Inc. of Batesville, Ark. has filed for Chapter 11 bankruptcy protection. Bill Davis, company president, is widely known as owner of a NASCAR team. The company’s attorney, Geoff Treece of Little Rock, declined to comment on the pending case. A meeting with creditors is scheduled for Dec. 18, according to an Oct. 22 filing in the U.S. Bankruptcy Court for the Eastern District Arkansas in Batesville. Chapter 11 allows restructuring of debt so that a company can continue to operate. A list of assets and liabilities is not currently available. The deadline for filing that is Nov. 6. Davis also owns Bill Davis Racing, based in High Point, N.C. It had been speculated that his NASCAR team would potentially be sold or bought into.(Arkansas Democrat-Gazette) Statement From Bill Daivs Racing: Bill Davis Trucking, Inc., founded in 1975 by Bill and Gail Davis, announced it has filed for Chapter 11 bankruptcy protection. Today’s action was necessitated by an injury accident and an ensuing lawsuit against the company, based in Batesville, Arkansas. This has been a very unfortunate chain of events and Gail and I certainly hate that it ever had to happen, stated Bill Davis. Bill Davis Trucking and Bill Davis Racing are two completely separate entities and the race team will in no way be affected by today’s announcement.(Bill Davis Racing PR)(10-30-2007)
