Bill Davis Racing owner bankrupts company

UPDATE Here is more information on the bankruptcy.

10/30/07 Bill Davis Trucking, Inc., founded in 1975 by Bill and Gail Davis, announced today it has filed for Chapter 11 bankruptcy protection. Today’s action was necessitated by an injury accident and an ensuing lawsuit against the company, based in Batesville, Arkansas. “This has been a very unfortunate chain of events and Gail and I certainly hate that it ever had to happen," stated Bill Davis. “Bill Davis Trucking and Bill Davis Racing are two completely separate entities and the race team will in no way be affected by today’s announcement."