Balmoral Racing Club, Inc. Bankruptcy New Filing Alert: Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On February 25, 2015, a motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Balmoral Racing Club, Inc. and its affiliates.

The filing was assigned docket number 129 and is described on the court’s official docket as follows:

Notice of Motion and Motion for Administrative Order to Establish Procedures for Treatment and Payment of Funds Related to Stakes Races and Stakes Accounts Filed by Nathan Q. Rugg on behalf of Balmoral Racing Club, Inc.. Hearing scheduled for 3/3/2015 at 09:30 AM at 219 South Dearborn, Courtroom 619, Chicago, Illinois 60604. (Attachments: # (1) Exhibit A – IHHA Agreement # (2) Proposed Order) (Rugg, Nathan)

Balmoral Racing Club, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 24, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Illinois . The case number for the lead bankruptcy case is 14-45711. The bankruptcy case is currently assigned to United States Bankruptcy Judge Donald Cassling. The law firm of Adelman & Gettleman, Ltd. is acting as lead bankruptcy counsel to Balmoral Racing Club, Inc. in the bankruptcy case.


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