The Owensboro Times

Davis Auto Group files for Ch. 11 bankruptcy; Davis personally guarantees $400k loan

By John Kirkpatrick

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January 25, 2025 | 12:15 am

Owensboro’s Davis Auto Group has filed for Chapter 11 bankruptcy amid an ongoing legal dispute with the dealership’s minority owners, Mattew Hayden and the Estate of Jack T. Wells. Majority owner Jerry Ray Davis, who faces allegations of self-dealing, has been approved to personally guarantee a $400,000 emergency loan to keep the dealership afloat as it fights to reorganize.