Académique Documents
Professionnel Documents
Culture Documents
The following constitutes the ruling of the court and has the force and effect therein described.
IN RE: §
§
REAGOR-DYKES MOTORS, LP, et al.1 § Case No. 18-50214-rlj-11
§ Jointly Administered
Debtors. §
On this day the Court considered the Amended Motion for Approval of Settlement and
Compromise with the Lubbock County Tax Assessor-Collector Under Bankruptcy Rule 9019 (the
“Motion”) [Docket No. 1147] filed by Reagor-Dykes Motors, LP, along with its debtor affiliates
1
The Debtors are Reagor-Dykes Motors, LP (Case No. 18-50214), Reagor-Dykes Imports, LP (Case No. 18-50215),
Reagor-Dykes Amarillo (Case No. 18-50216), Reagor-Dykes Auto Company, LP (Case No. 18-50217), Reagor-
Dykes Plainview, LP (Case No. 18-50218), Reagor-Dykes Floydada, LP (Case No. 18-50219), Reagor-Dykes
Snyder, L.P. (Case No. 18-50321), Reagor-Dykes III LLC (Case No. 18-50322), Reagor-Dykes II LLC (Case No.
18-50323) and Reagor Auto Mall I LLC (Case No. 18-50325).
and captioned case. It appearing that the Court has jurisdiction over this matter; and it appearing
that notice of the Motion as set forth therein is sufficient, and that no other or further notice need
be provided; and it further appearing that the relief requested in the Motion is in the best interests
of the Debtors and their estates and creditors; and upon all of the proceedings had before the
Court; and after due deliberation and sufficient cause appearing therefor, it is hereby
ORDERED that the Motion is GRANTED and, except as provided herein, the terms
outlined in the Motion are approved and enforceable, including that the Lubbock County Tax
amounts due as a pre-condition for Texas consumers who purchased vehicles from the Reager-
manufacturer’s certificates of origin (“MSOs”) for vehicles (i) sold (arguably or inarguably) by
Reagor-Dykes Auto Group and (ii) that still need to be registered for the buyer (“Vehicles”) shall
provide the Debtors with a list of all such Titles and MSOs in their possession within five (5)
days from entry of this Order. Upon receipt of a copy of (i) the retail sales contract or lease and
(ii) reasonably satisfactory proof of funding, all such persons identified in the preceding sentence
shall surrender the Titles and MSOs to the Debtors within seven (7) business days of such
receipt. The Debtors will hold the Titles and MSOs solely for consumer-registration purposes.
Notwithstanding anything herein to the contrary, this paragraph shall not apply to Titles or
MSOs that relate to Vehicles for which unpaid trade liens exist.
ORDERED that this Court will allow emergency telephonic hearings on three (3)
business days’ notice to resolve disputes over the turnover of Titles or MSOs to the Debtors as
ORDERED that, notwithstanding anything to the contrary contained herein, and as part
of the process to be undertaken, the Debtors will submit, or cause to be submitted, to the
appropriate authority such paperwork or electronic information necessary to (a) transfer the
certificate of title into the new owner’s name, and (b) note any lien that has been granted by the
applicable consumer to a retail lender. Upon request, the Debtors will send to the applicable
retail lender or lessor copies of the proof of submission of the items listed in the preceding
sentence to the appropriate authority. With respect to leased vehicles for which title is to be
issued and the Debtors were the “selling” dealer, the Debtors will submit, or cause to be
ORDERED that nothing in this order shall impair, alter, or otherwise adversely affect the
liens or, in the case of leases, ownership rights, granted to the applicable retail lenders/lessors
with respect to the applicable motor vehicles to be titled through the process approved hereunder,