Current posture

What matters now

Hawthorne Race Course is in a sale-driven Chapter 11 wind-down: the record reflects an active move-out from the racetrack, with the Illinois Thoroughbred Horsemen's Association reporting that 223 horses, 226 adults, and 103 children remained in the backstretch as of August 5, and that residents had been given an August 31 deadline to vacate in its move-out status report Dkt. 485. A fee-application hearing is scheduled for September 2, 2026, while the available record does not establish that a sale closing, plan confirmation, or case termination has occurred. The debtor and three affiliates commenced these cases on February 27, 2026, when Hawthorne filed its voluntary Chapter 11 petition Dkt. 1. The first-day package sought to preserve operations through joint administration, employee and benefit payments, tax and utility relief, and postpetition financing; the ensuing orders included joint administration, interim financing, and authorization to retain a claims agent, as reflected in the first-day service affidavit Dkt. 111. The restructuring was then placed on a financing-and-sale timetable. The court's final DIP financing order Dkt. 232 authorized up to $20 million from Derby DIP…

Updated Aug 17, 2026