New Jersey Motorsports Park gets Bankruptcy Approval for First Day Motions


The New Jersey Motorsports Park (NJMP) had all seven of its motions approved by US Bankruptcy Court in Camden including those asking permission to pay wages and its debt to the Millville Rescue Squad. With the approval of these motions, the Park is able to pay workers’ salaries, guarantee the presence of emergency medical technicians and perform other required actions to enable it to continue operating in the 2011 race season.

Besides these approvals, Judge Gloria Burns also prevented the Park’s bank accounts from being frozen and ordered utility companies to continue providing the Park with amenities without alterations. But according to NJMP attorney Louis Lipsky, the approvals were somewhat of a formality.

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