Vista Bank: FirstCapital Bank 'sealed the demise' of Reagor-Dykes with fraudulent agreement
Vista Bank: FirstCapital Bank 'sealed the demise' of Reagor-Dykes with fraudulent agreement

Vista claimed Rick Dykes placed $7.5 million in a FirstCapital account in exchange for $2.1 million in capital; the court documents indicate Bart Reagor transferred an unknown amount of mutual fund assets for a similar agreement, but FirstCapital never extended any additional capital to the dealership.

Dykes, Reagor response claims Ford Credit should have seen problems
Dykes, Reagor response claims Ford Credit should have seen problems

The focus was once again placed on a Ford Credit regional manager and former Reagor-Dykes chief financial officer Shane Smith in Bart Reagor and Rick Dykes' response to Ford Credit's lawsuit.  This latest filing is the defendants' opposition to Ford Credit's motion for summary judgment.

UPDATED: Reagor-Dykes mediation next week in Dallas
UPDATED: Reagor-Dykes mediation next week in Dallas

A global mediation involving several parties involved in the Reagor-Dykes bankruptcy is scheduled next week in Dallas, Feb. 25 and Feb. 26.

Matt Ernst
Read order directing global mediation in Reagor-Dykes bankruptcy
Read order directing global mediation in Reagor-Dykes bankruptcy

Read the bankruptcy judge's order directing Ford Credit to take part in global mediation.

Judge orders Ford Credit to participate in Reagor-Dykes 'global mediation'
Judge orders Ford Credit to participate in Reagor-Dykes 'global mediation'

U.S. Bankruptcy Judge Robert Jones will order global mediation between many parties involved in the Reagor-Dykes bankruptcy.

Judge approves AmeriCredit's request for hearing on Reagor-Dykes Snyder
Judge approves AmeriCredit's request for hearing on Reagor-Dykes Snyder

U.S. Bankruptcy Judge Robert Jones has granted AmeriCredit Financial Services' request for an expedited hearing on its motion for relief from automatic stay in the Reagor-Dykes bankruptcy. 

Judge orders TT&L lists turned over to creditor, others request info
Judge orders TT&L lists turned over to creditor, others request info

The bankruptcy judge has ordered Reagor-Dykes to provide documentation to MUSA Auto Finance and MUSA Auto Leasing, related to vehicles it financed, leased or otherwise processed. The order lists some specific vehicles, but also includes other vehicles involving MUSA with unresolved tax, title and license or trade-in liens.

GM Financial, citing 'little opportunity' for meaningful progress, requests access to relief
GM Financial, citing 'little opportunity' for meaningful progress, requests access to relief

Attorneys write "GM Financial continues to incur extraordinary expense in protecting its collateral with little proposals being shown for a reorganization of either Reagor-Dykes Snyder, L.P. or the Reagor-Dykes Group, generally."

Anthony Hall
Judge denies Reagor-Dykes request to delay summary judgment
Judge denies Reagor-Dykes request to delay summary judgment

U.S. Senior District Judge Sam Cummings finds Reagor-Dykes has not shown good cause as to why the Court should put off considering Ford Motor Credit's request for summary judgment, according to an order filed Friday. Ford Credit is asking for the judge to rule in its favor without proceeding through a full trial. 

Anthony Hall
UPDATED: Landlord orders Reagor-Dykes out, another phone hearing next week
UPDATED: Landlord orders Reagor-Dykes out, another phone hearing next week

Another phone conference will be held in a week, Feb. 14, to discuss a motion to compel global mediation for the many parties involved in the Reagor-Dykes bankruptcy.

Ford Credit objects to Reagor-Dykes' attempt at 'global mediation'
Ford Credit objects to Reagor-Dykes' attempt at 'global mediation'

Ford Credit objects to Reagor-Dykes' proposal to force all parties to come together in a global mediation in a few weeks.

First Bank & Trust opposes 'global mediation' for Reagor-Dykes
First Bank & Trust opposes 'global mediation' for Reagor-Dykes

First Bank & Trust opposes Reagor-Dykes' attempt to convene a global mediation meeting in a few weeks, noting such a resolution isn't feasible. 

Reagor-Dykes requests global mediation in bankruptcy
Reagor-Dykes requests global mediation in bankruptcy

Attorneys for the Reagor-Dykes Auto Group have asked the bankruptcy judge to force many parties involved in the bankruptcy case to a global mediation, to resolve the "complicated jigsaw puzzle" of intertwined issued.

Reagor and Dykes argue if Ford Credit was complicit in fraud, two men not responsible for $109 million+
Reagor and Dykes argue if Ford Credit was complicit in fraud, two men not responsible for $109 million+

Bart Reagor and Rick Dykes are entitled to defend themselves, a new legal filing states. It also includes depositions from Ford Credit employees.

Reagor-Dykes seeks appeal of Bankruptcy Judge's order
Reagor-Dykes seeks appeal of Bankruptcy Judge's order

The legal team for the Reagor-Dykes Auto Group is seeking an appeal of Bankruptcy Judge Robert Jones' order granting Ford Credit's relief from stay. The order allows Ford Credit to take back vehicles it financed and other collateral.

McDougal no longer involved in Reagor-Dykes re-organization effort
McDougal no longer involved in Reagor-Dykes re-organization effort

The McDougal Companies will no longer be involved in discussions to re-organize the Reagor-Dykes Auto Group, according to a statement issued on behalf of McDougal.

Nearly 6 months later, hundreds of Reagor-Dykes customers still in limbo
Nearly 6 months later, hundreds of Reagor-Dykes customers still in limbo

It has been almost 6 months since the auto group filed for bankruptcy. Hundreds of customers still do not know when, or even whether, they will get titles or money for trade-ins. 

Megan Reyna
McDougal, Ewing to meet with Ford Motor Credit regarding RDAG
McDougal, Ewing to meet with Ford Motor Credit regarding RDAG

McDougal Companies and Euwing Auto Group were invited by Ford Motor Credit to meet in Michigan at a "global settlement" meeting.  Marc McDougal was asked to help RDAG through it's bankruptcy process. 

FirstCapital Bank allows Reagor-Dykes to use cash collateral
FirstCapital Bank allows Reagor-Dykes to use cash collateral

Attorneys for Reagor-Dykes were back in federal bankruptcy court Wednesday, vying for extra operating cash.

Future uncertain for Reagor-Dykes Auto Group after recent ruling
Future uncertain for Reagor-Dykes Auto Group after recent ruling

Any day now, vehicles could start disappearing from Reagor-Dykes lots. A ruling by Judge Robert Jones allowed Ford Credit to recoup its collateral. 

Megan Reyna
Bankruptcy judge allows Toyota to terminate R-D Plainview agreement
Bankruptcy judge allows Toyota to terminate R-D Plainview agreement

U.S. Bankruptcy Judge Robert Jones granted relief from an automatic stay Thursday for Gulf State Toyota, allowing it to proceed with terminating its dealer agreement with Reagor-Dykes Plainview.

Anthony Hall
Judge: Ford Credit may repossess Reagor-Dykes vehicles
Judge: Ford Credit may repossess Reagor-Dykes vehicles

U.S. Bankruptcy Judge Robert Jones ruled Thursday Ford Motor Credit is due relief from an automatic stay and compels Reagor-Dykes Auto Group to comply with Ford Credit repossessing its collateral -- that is, vehicles financed by Ford Motor Credit.

Anthony Hall
Judge denies former Reagor-Dykes CFO's request
Judge denies former Reagor-Dykes CFO's request

Senior U.S. District Judge Sam Cummings has denied former Reagor-Dykes CFO Shane Smith's attempt to block discovery in First Bank & Trust's lawsuit.

Court approves Reagor-Dykes interim funding
Court approves Reagor-Dykes interim funding

The U.S. Bankruptcy Court has approved a source of funding to keep Reagor-Dykes open for the next few weeks.

Reagor-Dykes, Ford Credit argue future of Auto Group in bankruptcy court
Reagor-Dykes, Ford Credit argue future of Auto Group in bankruptcy court

Attorneys for Reagor-Dykes and Ford Credit spent hours in U.S. Bankruptcy Court Tuesday arguing essentially the future of the Auto Group. Ford Credit filed a motion to allow it to take possession of vehicles and other collateral.

Citing possible criminal investigation, former Reagor-Dykes CFO requests stay on discovery
Citing possible criminal investigation, former Reagor-Dykes CFO requests stay on discovery

The former chief financial officer of the Reagor-Dykes Auto Group wants a delay before he must answer to discovery requests in a civil lawsuit because of the possibility of a criminal investigation.

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