Judge: Ford allowed to immediately repossess vehicles from RDAG lots

Judge: Ford allowed to immediately repossess vehicles from RDAG lots
(Source: Jason Norton KCBD)

LUBBOCK, TX (KCBD) - Court documents filed today say the bankruptcy judge has granted Ford Motor Credit the ability to immediately repossess their vehicles from Reagor-Dykes Auto Group.

The motion says Reagor-Dykes will cooperate with Ford Credit. When the vehicles are repossessed, Ford will file a court report that identifies the vehicles taken into Ford Credit’s possession.

On Jan. 17, Judge Robert Jones has cleared the way for Ford Motor Credit to take back vehicles sold to Reagor-Dykes Auto Group. In the ruling last week, Judge Jones approved Ford’s relief request from the automatic stay motion filed eight days after Reagor-Dykes' initial bankruptcy.

This new motion waives the 14-day waiting period.

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