There has been another update in the bankruptcy filings for Advanced Sports Enterprises and four affiliated businesses.
Glenside Local previously reported on the bankruptcy filings for these businesses that have been led by Mr. Patrick Cunnane, husband of Congresswoman Madeleine Dean. Advanced Sports Enterprises has been a major force within the bicycle industry.
Bids were due today with the auction of assets scheduled for January 15th.
Today, the United States Bankruptcy Court for the Middle District of North Carolina Durham Division ordered that the bid deadline for assets be extended to January 14th and the auction scheduled for January 16th.
You can view the court order from today by clicking here.