Lifestyle brand Titans of Mavericks will proceed with an auction of its business-related assets, which will be held on June 1, 2017 in Los Angeles, CA.
The company intends to effectuate the sale “free and clear” of all claims by way of procedures available under the Bankruptcy Code. On Wednesday, May 10, 2017 the United States Bankruptcy Court for the Central District of California Los Angeles division approved the auction and bidding procedures for the auction.
“Having many connections and relationships spanning across a dynamic range of industries, and after substantive discussions with individual and corporate investors, I believe the auction process creates a level playing field designed to maximize the value obtained for the company’s assets,” said Griffin Guess, Titans of Mavericks founder.
The auction will have an opening floor price of $1 million.
Photo courtesy Titans of Mavericks
