More (bankrupt) Leap buses hit the auction block
In bankruptcy court filings dated July 15, Leap Transit filed under Chapter 7 of the United States Bankruptcy Code.
The now-defunct company’s assets and liabilities were both estimated to be between $100,000 and $500,000, according to bankruptcy filings signed by Leap founder Kyle Kirchoff.
And so, once again, a shiny, distressed-wood-having, ADA-challenged bus can be yours. That’s right, more Leap buses are up for auction. It’s unclear whether any bids are in yet, and the opening bid is listed at $5 (cheaper than a single ride on a Leap bus, back in “the day”!).
We had a hunch things wouldn’t go well for them when, on Leap’s second day in operation, it, uh, needed a tow truck. Ouch!
Read the whole story on SF Examiner.
Photo by Yarbs