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Jury Orders Reagor to Pay Ford Credit $53M

A jury deliberated for less than an hour before deciding Reagor Dykes’ Bart Reagor owes Ford Motor Credit Co. the full amount it demanded following an investigation into the Texas group’s floorplanning practices.

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OnlineBKmanager Adds Full-Service Mailing Option

Citing an increase in bankruptcy filings, OnlineBKmanager.com announced the addition of a full-service mailing option for its active dealer clients.

Court Ruling Ends Tate’s Auto Comeback Bid

A bankruptcy court ruling allowing two captives to reclaim inventory has officially closed the doors on Tate’s Auto Group after more than 40 years in business.

OnlineBKmanager.com Partners With Consumer Portfolio Services

The bankruptcy marketing firm teams with Consumer Portfolio Services Inc. on a new marketing package that allows dealers to access services from both companies.

Suzuki to Discontinue Auto Sales in Canada After 2014

Suzuki Canada will discontinue sales to refocus on its motorcycles, ATV and marine division.

American Suzuki Granted Approval of Disclosure Statement

The bankrupt car maker took its next step this week in gaining confirmation of its Chapter 11 bankruptcy plan. In its amended disclosure statement, ASMC said it intends to sell its operations to a new subsidiary of Suzuki Motor Corp.

U.S. Suzuki Distributor Files for Bankruptcy, Stops Sales

The Wall Street Journal reports that the U.S. distributor for Japanese manufacturer Suzuki Motor Corp. filed for Chapter 11 bankruptcy protection.

U.S. Fidelis Founders Sentenced to Eight Years in Prison

U.S. Fidelis Co-Founder Darain Atkinson was sentenced to eight years for felony stealing, insurance fraud and consumer violations, while his brother Cory Atkinson was sentenced to four years on Friday for similar violations.

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