Bike Bandits Bankrupt

Bokerfork

Active Member
Joined
Jul 15, 2019
Messages
106
Location
Saint George, Utah
Just a heads up. It appears that Bike Bandits has gone bankrupt.

According to some reports their website is still up and taking orders and money, but it is extremely unlikely you will see your order or money ever again.
 

RCinNC

Well-Known Member
Joined
Aug 30, 2014
Messages
2,816
Location
North Carolina
I just posted something about this on ADV Rider. The article that reports on this is from Jalopnik:


Apparently some people have a problem with Jalopnik as a source of news, but the article is sourced with actual court filings in the bankruptcy case. I was particularly struck by this portion of a filing from the appointed bankruptcy trustee:

It remains unclear why the Debtor continued to operate its business well past the point of insolvency and, even worse, continued to accept online orders when it was apparent the Debtor would not be able to fulfill those orders. The Trustee is informed
and believes that the Debtor contemplated filing bankruptcy as early as February 2021 and was unable to pay its debts as they came due no later than by that time. Despite these facts, the Debtor continued to accept online orders and charge consumers credit cards at least until weeks or days before the petition date, for orders that it was knowingly unable to fulfill from its available inventory."
.

Based on the bankruptcy filing, there is about $646,000 in unfulfilled orders that consumers have placed with Bike Bandit.
 

bimota

Well-Known Member
Joined
Dec 10, 2017
Messages
6,523
Location
bridgend, Wales, UK

rob
 
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