Lordstown Motor Company has extended the deadline for bids to purchase its assets in the Delaware Bankruptcy Court.

The Company quietly filed the motion on September 12th, extending the deadline for others to make bids on its assets from September 8th until September 18th, and extending other deadlines in their bidding procedures by between one and two weeks.

The filing sets the new date for closing of all asset sales at October 31st, a week later than the original closing date of October 24th.

LMC began the process of selling its assets after declaring Chapter 11 Bankruptcy in the Delaware Bankruptcy Court back in June. 

Chapter 11 bankruptcy allows businesses to sell and reorganize assets in lieu of shutting down business, but all plans must be approved by by the company's creditors.