BK Racing hit with $1.46 million judgement:

Five days after a $1.46 million binding arbitration award was levied in a Mecklenburg County, NC case involving Ron Devine and BK Racing, Kickin' the Tires has confirmed through public documents that Devine encumbered the company's equipment, supplies and racecars in a UCC filing for a $15 million line of credit from Virginia Racer's Group, a company managed by his wife.

The binding arbitration award involved Race Engines Plus (REP) and money proven to be owed by BK Racing for engines and parts provided from 2013 forward.

Additionally, the award required REP to return equipment and engines to Devine's BK Racing. That arbitration ruling came on December 12, 2016.

An order to that affect was signed by the Honorable Judge Richard Doughton of Cabarrus County on January 3, 2017, after the Mecklenburg County records were filed in Cabarrus County to secure the money owed. See full article and links to documents at Kickin' the Tires

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