Bloodstock agent Dennis Stiff, who is based in Lexington, Ky., has filed for chapter 7 bankruptcy protection, according to a report at the Blood-Horse.
The filing, which also included Stiff's Bay Bloodstock, listed $13,915 in assets and $705,833.12 in liabilities.
Stiff filed for bankruptcy protection with the U.S. Bankruptcy Court for the Eastern District of Kentucky on Dec. 7. All of Stiff's assets consisted of personal property and no real property.
New to the Paulick Report? Click here to sign up for our daily email newsletter to keep up on this and other stories happening in the Thoroughbred industry.
Copyright © 2016 Paulick Report.