New Jersey Motorsports Park Files Bankruptcy


New Jersey Motorsports Park (NJMP) has filed for Chapter 11 bankruptcy protection after 4 years of operations at US Bankruptcy court in Camden. However, its 2011 race calendar will not be affected by the filing neither will any employee be laid off.

With the bankruptcy filing, creditors of the Motorsports Park face an uncertain period of waiting to see how much of their dues they would get back. But the park is current on all its municipal tax and utility bills as well as repayment on a $600,000 municipal loan.

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