TSS, CMS reach agreement

Friday, April 26, 2013

NEW BRAUNFELS, Texas – The Scooter Store has reached an agreement with CMS that lifts apayment freezeon the company, according to an article from mysanantonio.com. Thecompany can nowreceive payments from CMS, allowing it to avoid liquidation, according to the article. After The Scooter Store filed for bankruptcy April 15, CMS said it was entitled to freeze payments to the companyto offset millions in overpayments, the article noted. Under the agreement, The Scooter Store will continue to repay CMS $83,000 a month, a figure that will increase to $125,000 a month starting July 1, according to the article. A judge approved the agreement April 25.