Ant Anstead's car company files for Chapter 7 bankruptcy

Ant Anstead's supercar company, Radford Motors, has filed for Chapter 7 bankruptcy.

The shift comes after a court hearing on May 8, converting his company's previous Chapter 11 bankruptcy to Chapter 7, People Magazine reported.

Chapter 7 bankruptcy marks an escalation in the company's financial troubles and could lead to its liquidation, potentially including the sale of assets to pay creditors, per United States Courts.

However, it is unclear whether Radford is officially closing its operations following the new filing. 

The publication also noted that a complaint filed against Radford on April 4 alleges that the company continued to occupy its Costa Mesa, Calif. headquarters after the lease was terminated. The landlord is seeking court approval to proceed with eviction.

Radford first filed for Chapter 11 bankruptcy on October 22, 2024, when Anstead started facing fraud and misrepresentation accusations.

The updated status will "grant relief" to Anstead company amid the allegations.