Horses sold in bankruptcy Ex-husband's bankruptcy forces horse sale, but she still runs farm.

November 25, 1991|By Meredith Schlow | Meredith Schlow,Evening Sun Staff

When Linda Smith learned she would have to auction off eight of her Arabian horses, she worried that one or more of them would end up at a slaughterhouse.

"That's always a danger when horses are sold this way," said Smith, who was forced to auction the animals as part of her former husband's bankruptcy deal.

The horses, two sired by a national champion, brought a total of $4,600, slightly more than $500 each, Smith said. She said she was relieved that all of the animals went to people who were interested in showing or breeding them.

Smith and her husband established the Taneytown breeding farm, Silver Run Arabians, in 1980. After their separation, Smith said, her husband filed independently for bankruptcy in 1989. Because he was part owner of the farm, eight of Smith's 13 horses were auctioned Nov. 9 as part of bankruptcy agreement.

The Evening Sun incorrectly reported that Smith's farm had filed for bankruptcy. Smith still operates the farm.

Now with five horses left -- three mares and two stallions -- Smith said she will continue to be active in the show ring, but will limit the availability of her stallions to people who learn of her farm through word of mouth.

"I just want people to know that the farm is in good financial standing," she said.

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