The long and sordid process that has been and still is the bankruptcy of Erik Buell Racing is about to take another important turn as the company's assets are set to be auctioned later this month. Initial bids will be accepted on July 21, and prospective buyers will find out the status of those bids on July 23. Big ticket items will include things like unsold motorcycles, intellectual property and the company name.

There is still some hope that the manufacturer will be purchased in whole, which would potentially allow EBR to continue making motorcycles and competing in races as a team. According to EBR's official Facebook page: "The assets have to be broken into segments like this by law, but it is a going concern auction and a number of bidders are coming with the intention to buy all the lots necessary to move the company forward again. The outcome is of course unknown, but it actually looks very good to us."

On the other hand, it seems completely possible that smaller individual bids are placed for parts and pieces of the bankrupt motorcycle manufacturer, and if those are approved by the judge, Erik Buell Racing as we know it would potentially cease to exist forever. We'll find out what fate faces EBR in less than a month.

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