Court OKs sale of Scooter Store inventory
NEW BRAUNFELS, Texas – A bankruptcy court judge says The Scooter Store may sell its inventory under certain conditions, the San Antonio Express-News reports. The company may sell assets worth less than $25,000 without notice and those worth between $25,000 and $100,000 with notice, but it must seek court approval before selling assets worth more than $100,000, the newspaper reports. The power wheelchair and scooter provider filed for bankruptcy in April in the wake of a federal raid on its headquarters and congressional scrutiny. It announced on Sept. 13 plans to close after being disqualified from Round 2 of competitive bidding. The Scooter Store has not yet said when it plans to sell its inventory, according to the San Antonio Express-News.