Today, in bankruptcy court we received very good news. After numerous continuations, the judge issued his final order regarding the DIP (debtor in possession) loan in question. Within that loan, are the monies owed to the Illinois harness horsemen. The IHHA, and its attorneys, along with Hawthorne and their legal team, have been trying to get that money made available from the very beginning of this ordeal.
The funding will be made available to us on two separate dates. This Saturday, April 25, the money from the NSF checks, as well as any uncashed checks are expected to be made available. This date is when the processing of these checks can begin. There are very specific procedures in place for Hawthorne to follow now, so we cannot expect them to send out all the checks on day one. The bookkeepers do hope to begin mailing them out sometime the following week. You do not have to call anyone to receive your check, it will be mailed to you as soon as possible. Everyone who received a check will be reissued a new check, whether you tried to cash it or not. If you choose to pick up your check, you can e-mail your request to Ihhabookkeeper@gmail.com. They will then let you know when the check will be ready for pick-up. Do not just show up at the racetrack unannounced. Your check may not be ready.
The permission for Hawthorne to pay us for the rest of the money, still frozen in our accounts, has also been finalized. That money will be made available to us on May 16. As that date gets closer, we will let you know the most efficient way to request a check.
