Scooter Store: Auction postponed, buyer still sought
NEW BRAUNFELS, Texas – The Scooter Store’s bankruptcy auction, originally set for Aug. 6, will now be held Sept. 23, according to Law360. A Delaware bankruptcy judge on July 31 gave The Scooter Store permission to use its cash collateral to fund its own case in Chapter 11, rather than using a $10 million debtor-in-possession package. The move is intended to save The Scooter Store money and buy additional time to line up a buyer, Law360 reported. The new timeline establishes a Sept. 19 bid deadline and a Sept. 24 sale hearing.