The famous, and infamous, Nurburgring race track in Germany has filed for bankruptcy, thus sending motorsport and motoring enthusiasts into a blind panic. The long term fate of the legandary 'ring has yet to be decided, and that very idea chills the heart of any red-blooded car freak who is hoping to make the pilgrimage to Germany some day. 

Our question is: how does one rack up half a billion dollars in debt? One would think that there would be some massive changes made at around $250,000,000.

[via Top Gear]