WARRICK COUNTY, Ind. (WEHT) – Movieland Speedpark in Warrick County could be back on the auction block.
The racetrack’s owner has his bankruptcy dismissed.
Reno Fontana opened Movieland Speedpark last month after a two-year hiatus.
But he still owes creditors tens of thousands of dollars.
According to federal court records, his bankruptcy has been rejected.
The US Trustee never got the required paperwork.
When Fontana bought the track, he inherited the liens, which includes work from a grinding company.
Fontana declared bankruptcy in March, which stopped an imminent auction.
Now, Fontana has a short window to re-file for bankruptcy, or find a way to pay back his creditors.
Wilson Auctions, who was slated to run the sheriff’s sale last time, expects an auction notice to be posted early next week.
Fontana told me he’s working to deal with financing. He says the track won’t go to auction.
The legal battle now moves out of Federal Bankruptcy Court into Warrick Superior Court.
We’ll keep you updated on the future of the track.
(This story was originally published on June 27, 2019)