Irwindale Speedway LLC filed for Chapter 7 bankruptcy on Monday, the same day track management cancelled the racing season for 2012.
In the bankruptcy papers, Irwindale Speedway owes its creditors $331,773.11 plus unknown amounts on two personal injury claims.
Irwindale Speedway owes Nu-Way Industries Inc., the company that owns the property where the track and office buildings are built, $55,000 in rent.
Go to ESPNLA.com for more on the bankruptcy filing and who Irwindale Speedway owes.
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