[Vtr-tac] Bill Heard Bankruptcy - Used Vehicle Title Processing
Electronic Distribution of VTR Information to Texas Counties
vtr-tac at dot.state.tx.us
Tue Mar 3 11:30:14 CST 2009
Please review and distribute as appropriate.
In the past few months we have distributed information regarding the bankruptcy of Bill Heard Enterprises, Inc., which includes Bill Heard Chevrolet and Landmark Chevrolet, and the processing requirements for vehicles involved in those bankruptcy proceedings. The following information concerns used vehicles sold by Bill Heard prior to the bankruptcy date of September 28, 2008. These vehicles are not affected by any of the bankruptcy requirements and should be processed according to normal
Bill Heard sold used vehicles, at auction, to car dealers prior to the date they declared bankruptcy on September 28, 2008. The new dealer-owners then sold the vehicles at retail to the public. These new owners should bring in either an out-of-state title or a Texas title with the title application.
* Normal Ownership Documents, properly assigned to the applicant, are required. If unavailable, the standard options of a TAC Hearing, Bonded Title or Court Order are required.
* All required fees (title and registration) and taxes must be paid at time of title application.
Again, any used vehicles with Bill Heard Chevrolet or Landmark Chevrolet as sellers and with the *Date of Sale* prior to September 28, 2008, should not be considered as part of the bankruptcy and should be processed normally.
If you need additional information, please contact your Vehicle Titles and Registration Division Regional Office.
If you have any comments or suggestions concerning this VTR communication process, please contact your local VTR Regional Office.
If you would like to see previous postings from the "VTR Electronic Archives," please visit http://extlists.dot.state.tx.us/pipermail/vtr-tac/ .
Vehicle Titles and Registration Division, TxDOT
Telephone: (512) 465-7570
FAX: (512) 467-5909
Email: rdavio at dot.state.tx.us
Use caution when driving through work zones. Find more information and public service announcements regarding work zone safety at http://www.txdot.gov/safety/tips/work_zones.htm
More information about the VTR-TAC