Stonewall Stallions Files Bankruptcy

Prominent thoroughbred owner Stonewall Farm Stallions filed bankruptcy on June 20, 2010. In its Bankruptcy Petition, the large horse operation lists Fifth Third Bank and Harleysville National Bank among the largest creditors with debts of approximately $1,000,000.00 each. JP Morgan Chase Bank is listed with a debt of $500,000.00. An Article from BloodHorse.com indicates that Stonewall Stallions plans to sell its farm in Kentucky and move operations to Florida. A previous post outlined the financial troubles recently suffered by Stonewall Stallions. The bankruptcy is proceeding as Case No. 10-52318 in the U.S. Bankruptcy Court for the Eastern District of Kentucky.