Confusion arose when Skip Barber Racing School filed for bankruptcy in May after owing more than $10 million to creditors. Some understood correctly that the long-loved driver’s education program had gone under, but apparently, others thought that Skip Barber (the person) went totally broke. That wasn’t the case, and Barber wants to make sure you know that.
Barber, 80, claims that he has read false reports which said that he himself had also declared bankruptcy, making an automatic assumption that he and the school were synonymous. But as he has pointed out, that’s not the way it is.
“It has come to my attention that there are some people both inside and outside the motorsport industry who erroneously concluded that the bankruptcy fili…
Read the full article at: http://www.thedrive.com/sheetmetal/12955/skip-barber-reminds-us-that-hes-not-bankrupt-the-school-is