CHANDLER, Ind. (WEHT) – The future of Movieland Speedpark, formerly Chandler Speedway, is once again up in the air after a judge ordered that the property go back to auction for a fourth time.
The speedway was up for auction in November for the third time this year, when a bankruptcy filing was made. That filing stopped the planned auction.
The court said in its ruling filed Thursday that, “the filing of the petition was part of a scheme to delay, hinder, or defraud creditors that involved… transfer of all or part ownership of, or other interest in, such real property without the consent of the secured creditor or court approval.”
In the ruling, the court also ordered owner Reno Fontana to “not interfere with or attempt to interfere with the conduct of the sale.”
Creditors are owed hundreds of thousands of dollars and several auctions have been ordered by the court to satisfy those debts.
Each of those three filings has been dismissed in court.
(This story was originally published on December 20, 2019)