Lake bankrupty

[phystech]

http://www.bloodhorse.com/horse-raci...for-bankruptcy


Wonder how this happened?

[slotdirt]

Wow.

[Danzig]

hmmm


When contacted by telephone, Lake told The Blood-Horse: “For you to print something in your magazine about this is a classless move.”

ok-so if he ends up not having to pay all his debts, is that classy?

[GBBob]

Originally Posted by Danzig

hmmm


When contacted by telephone, Lake told The Blood-Horse: “For you to print something in your magazine about this is a classless move.”

ok-so if he ends up not having to pay all his debts, is that classy?

I saw that too..When you are a fairly high profile person in a profession that has a Trade Magazine and you declare bankruptcy..yeah..it's appropriate to cover. That doesn't fall under "Personal" problem.

[Riot]

I agree. A classless move.

[Bigsmc]

Originally Posted by Riot

I agree. A classless move.

You agree with Lake? He reaps the benefits of positive publicity from these publications, he needs to deal with them reporting the truth no matter how bad it makes him look.

I don't see a horse racing publication reporting that one of the sport's biggest brightest stars has filed Chapter 11, is classless. Calling him for a statement is also part of the territory. A "no comment" would've sufficed.

[GBBob]

Originally Posted by Riot

I agree. A classless move.

This paragragh alone makes it newsworthy:

The largest 20 unsecured creditors filed with the petition are listed with a combined $1,177,479 in claims, including those with a feed company and veterinary groups, among others. The petition claims there are between 50 and 99 total creditors. The street address used for the debtor is the same as Belmont Park.

[pointman]

Originally Posted by Riot

I agree. A classless move.

You are kidding right? I hope you meant by Lake. This guy has been first or second in wins for quite awhile. There are thousands of trainers who win much less in purse money but somehow pay their bills. Seems to most likely he pissed his money away, and his classless comment makes that even more likely. Unless, of course, he invested all his money with Bernie.

[Danzig]

Originally Posted by GBBob

I saw that too..When you are a fairly high profile person in a profession that has a Trade Magazine and you declare bankruptcy..yeah..it's appropriate to cover. That doesn't fall under "Personal" problem.

that's what i think. he's high profile in the sport the magazine covers, of course they're going to report it.

[eajinabi]

Originally Posted by Danzig

hmmm


When contacted by telephone, Lake told The Blood-Horse: “For you to print something in your magazine about this is a classless move.”

ok-so if he ends up not having to pay all his debts, is that classy?

Nailed it!

[Kasept]

There is a trainer that frequents this Forum who was stretched to $400,000 in training bills by an owner. I know another who was stretched to nearly $700,000. Both likely faced professional bankruptcy as an option.

Since none of us know one iota of the circumstances surrounding Scott Lake's professional financial situation, I'd suggest withholding any judgement about the 'classiness' of the parties involved.

If you don't care for Lake because of his record of rules violations, that's fine, but it provides no insight into whatever forced him into the situation he's dealing with. I've met Lake exactly once and don't know enough about him to have an opinion.

And as an aside, when it comes to 'classlessness' there isn't much worse than kicking a guy when he's down. I'll venture to guess that within the next 12-24 months, there won't be a single one of us that aren't familiar with at least one friend, family member or business associate that will be in the same position as Lake is today.

[Danzig]

which is why i said 'if' and that i hoped he didn't structure things in a way that those owed won't get paid. if lake is on the short end because of owners, i wouldn't want to see that trickle down to whomever he owes in turn.

[cowgirlintexas]

Originally Posted by Kasept

There is a trainer that frequents this Forum who was stretched to $400,000 in training bills by an owner. I know another who was stretched to nearly $700,000. Both likely faced professional bankruptcy as an option.

Since none of us know one iota of the circumstances surrounding Scott Lake's professional financial situation, I'd suggest withholding any judgement about the 'classiness' of the parties involved.

If you don't care for Lake because of his record of rules violations, that's fine, but it provides no insight into whatever forced him into the situation he's dealing with. I've met Lake exactly once and don't know enough about him to have an opinion.

And as an aside, when it comes to 'classlessness' there isn't much worse than kicking a guy when he's down. I'll venture to guess that within the next 12-24 months, there won't be a single one of us that aren't familiar with at least one friend, family member or business associate that will be in the same position as Lake is today.

Amen...... Unfortunately I don't have to wait that long.

[GBBob]

Originally Posted by Kasept

There is a trainer that frequents this Forum who was stretched to $400,000 in training bills by an owner. I know another who was stretched to nearly $700,000. Both likely faced professional bankruptcy as an option.

Since none of us know one iota of the circumstances surrounding Scott Lake's professional financial situation, I'd suggest withholding any judgement about the 'classiness' of the parties involved.

If you don't care for Lake because of his record of rules violations, that's fine, but it provides no insight into whatever forced him into the situation he's dealing with. I've met Lake exactly once and don't know enough about him to have an opinion.

And as an aside, when it comes to 'classlessness' there isn't much worse than kicking a guy when he's down. I'll venture to guess that within the next 12-24 months, there won't be a single one of us that aren't familiar with at least one friend, family member or business associate that will be in the same position as Lake is today.

I think the only point anyone was disputing was his comments about the article. Most weren't commenting on the legitimacy ( or non) of his BK. But when you file you have to know it's going to be out there.

[2Hot4TV]

Originally Posted by Kasept

There is a trainer that frequents this Forum who was stretched to $400,000 in training bills by an owner. I know another who was stretched to nearly $700,000. Both likely faced professional bankruptcy as an option.

Since none of us know one iota of the circumstances surrounding Scott Lake's professional financial situation, I'd suggest withholding any judgement about the 'classiness' of the parties involved.

If you don't care for Lake because of his record of rules violations, that's fine, but it provides no insight into whatever forced him into the situation he's dealing with. I've met Lake exactly once and don't know enough about him to have an opinion.

And as an aside, when it comes to 'classlessness' there isn't much worse than kicking a guy when he's down. I'll venture to guess that within the next 12-24 months, there won't be a single one of us that aren't familiar with at least one friend, family member or business associate that will be in the same position as Lake is today.

Now this really nailed it. It is amazing how we can be so out of control as to post without thinking.

[Split Rock]

Originally Posted by Kasept

There is a trainer that frequents this Forum who was stretched to $400,000 in training bills by an owner. I know another who was stretched to nearly $700,000. Both likely faced professional bankruptcy as an option.

Since none of us know one iota of the circumstances surrounding Scott Lake's professional financial situation, I'd suggest withholding any judgement about the 'classiness' of the parties involved.

If you don't care for Lake because of his record of rules violations, that's fine, but it provides no insight into whatever forced him into the situation he's dealing with. I've met Lake exactly once and don't know enough about him to have an opinion.

And as an aside, when it comes to 'classlessness' there isn't much worse than kicking a guy when he's down. I'll venture to guess that within the next 12-24 months, there won't be a single one of us that aren't familiar with at least one friend, family member or business associate that will be in the same position as Lake is today.

While I agree with taking the high road in similar situations, Scott Lake is hardly deserving of such compassion. This man singlehandidly set a torch to the game of horse racing with his complete disregard to rules or animal welfare.

Not sure how or why the man got into this situation but one must consider Karma to play a part.

Basically, it is hard for me to root for a guy to prosper under the conditions in which he works from. Since he cheats and has done so at unprecedented levels for many years, he, for lack of a better term...deserves what he got.

[SCUDSBROTHER]

He's done nothing for the typical player, but shove chalk down our throats for years. Simply ruins cards, and I am sure could care nothing about the entertainment value of the sport. All they do is take, take, take. Doesn't seem like trainers have a clue about that. There gunna say it's not their job, but if they all keep saying that, then you have very little industry, because you have very little entertainment to sell. This guy and the Catalano/Callabrese duo have been examples why they need to have an entertainment plan in this sport. The races need to be about putting on entertainment. Figure that out, and you'll save your sport. Keep ignoring it, and see where the sport ends up.

[chucklestheclown]

Originally Posted by Danzig

hmmm


When contacted by telephone, Lake told The Blood-Horse: “For you to print something in your magazine about this is a classless move.”

ok-so if he ends up not having to pay all his debts, is that classy?

That avatar leads me to question your classiness. What does it represent?

[Cannon Shell]

Originally Posted by chucklestheclown

That avatar leads me to question your classiness. What does it represent?

A clown with a cowbell?

[Danzig]

Originally Posted by chucklestheclown

That avatar leads me to question your classiness. What does it represent?

nothing. but then, i never got the point in lit class when you had to try to decide what the author was 'really trying to say' with his novel. i thought most of them were just trying to tell a story.
as for the avatar, my son saw the pic and called my attention to it. i found it humorous.

as for people getting put in print for declaring bankruptcy, everyone who filed in this state is put in the newspaper.