Iron Age $2.75 million intellectual property asset sale approved

By Caroline Salls

Pittsburgh, March 13 - Iron Age Corp. obtained court approval to sell some of its intellectual property assets to Paradox Origination Funding LLC for $2.75 million, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Massachusetts.

Paradox submitted a $2.75 million credit bid for the assets.

The assets include specific customer list information, including a Microsoft Access 2000 electronic file providing a list of previous buyers; an Excel spreadsheet showing U.S. and Canada sales accounts for 2005 and 2006; and a Knapp catalog mailing list owned and maintained by Iron Age.

Iron Age, a Westborough, Mass., retailer and distributor of safety, work and uniform shoes for the industrial, service and government sectors, filed for bankruptcy on Jan. 22. Its Chapter 11 case number is 07-40217.

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