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Chapter 7 bankruptcy

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INDYCAR: Series to help cover Boston refunds

IndyCar

INDYCAR: Series to help cover Boston refunds

By alley - Jul 7, 2016, 4:03 PM ET

IndyCar will contribute more than $900,000 toward helping refund fans who purchased tickets for the ill-fated Boston Grand Prix.The company that was formed to manage and promote the race filed for Chapter 7 bankruptcy earlier this week. Bankruptcy documents showed that almost $1.7m had been spent on tickets for the...

INDYCAR: Boston Grand Prix files for bankruptcy

IndyCar

INDYCAR: Boston Grand Prix files for bankruptcy

By alley - Jul 6, 2016, 3:52 PM ET

Boston Grand Prix, LLC has filed for Chapter 7 bankruptcy, claiming it owes almost $9 million to creditors, including a list of more than 4,000 names of ticketholders who have not been given refunds, court documents show.Among the companies that are listed as creditors are IndyCar (owed $4.2 million), Firestone...

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