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Irwindale group files for bankruptcy

Updated: February 14, 2012, 10:05 PM ET
By Tim Haddock | Special to ESPNLosAngeles.com

Irwindale Speedway LLC, the management group that runs the track, filed for Chapter 7 bankruptcy on Monday, the same day track management canceled the 2012 racing season.

In the paperwork filed at the United States Bankruptcy Court, Central District, it shows that Irwindale Speedway LLC owes creditors $331,773.11. The largest amount is $150,000 owed on a personal-injury claim.

Irwindale Speedway LLC owes Nu-Way Industries Inc., the company that owns the property where the track ...

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