The Bondurant School of High Performance Driving filed for Chapter 11 bankruptcy protection Tuesday, Oct. 2 in Chandler, Arizona. Court filings listed total debts at between $1 million and $10 million, with between 50 and 99 creditors. The school tried to put as good a face on the development as possible.
“In a difficult yet important step toward becoming a stronger company, Bob Bondurant School of High Performance Driving Inc. filed a voluntary petition under Chapter 11 in the United States Bankruptcy Court for the District of Arizona on Oct. 2, 2018," read a statement from the school posted to its social media page. “We will continue operating and serving our students and corporate groups as usual while we develop new business relationships to ensure the vitality of the Company in the future."