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Bondurant reopens, plans to honor previously scheduled programs

by Patrick Rall on

There is good news for the many people who had scheduled an instructional program at the Bob Bondurant Racing School – the facility has reopened under temporary management. Under the guidelines of the Chapter 11 bankruptcy process, United States Bankruptcy Court appointed Timothy Shaffer as Bondurant’s new Chief Restructuring Officer. He will be responsible for leading the business through the process of making good on its past financial liabilities.

The goal of Shaffer’s leadership of the Bondurant Racing School is to keep the business going while working to pay off the debt that led to bankruptcy and solidify the future of the company. Bob and Pat Bondurant will serve as consultants in the process, so while some corporate beancounter is in charge, the man who built the legendary program is still involved.

According to a discussion with The Drive, Shaffer stated that the school was only actually closed for “five days or so”, and the school does plan to reschedule the classes missed during that time. Also, the school plans to honor all previously scheduled (and paid-for) programs, so those folks who had a class session lined up might still get their training.

The problem is that the bankruptcy proceedings have guidelines that have to be followed and that includes limitations on payments to creditors. A customer who paid for a product that they did not get is technically a creditor, so in making good to those owned money by the school, Bondurant will “repay” them by holding the classes. That does not guarantee that every customer who paid for a class will receive it, but if you are one of those potential customers, the odds of receiving your training is much better than it was a week ago.

With these limitations in mind, we would urge anyone who had previously scheduled a class session at Bondurant to reach out to the school for more information right away. While the goal of the restructuring process is to pay creditors and secure the future of the business, there is no guarantee that the plan will work, so anyone who paid for a class should do what they can to get there as soon as possible.

Finally, while Shaffer told The Drive that the school is back up and running their normal schedule, he noted that not all of the instructors have returned. I spoke with a few folks who were working for the school when it suddenly closed a few weeks back and they confirmed that the school was up and running, but it is doing so with a minimal staff.

The bottom line here is that if you had previously scheduled a class at the Bob Bondurant Racing School, there is still a chance that you will get that training. The school is back in business with the hope of a bright future, but without any guarantees of that, we recommend that customers who had a date lined up contact the company right away for more information.

 

Patrick Rall was raised a Mopar boy, spending years racing a Dodge Mirada while working his way through college. After spending a few years post-college in the tax accounting field, Patrick made the jump to the world of journalism and his work has been published in magazines and websites around the world.


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