Judge: Boaters World auction will go forwardPosted on
A bankruptcy court judge yesterday approved the bidding procedures for Boaters Worlds assets, with an auction scheduled for noon Tuesday in New York, according to court documents.
Bids are due Monday. A hearing to approve any subsequent transaction is set for March 19.
Ritz Camera Centers, the parent company of Boaters World, filed for bankruptcy protection last month in Delaware. In court filings, Ritz says selling the business and/or assets of its Boaters World Marine Centers is necessary to maintain Ritzs long-term viability and successful reorganization.
At the time of its Feb. 22 filing, Ritz operated 130 Boaters World stores.