RTW Retailwinds, Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on July 17, 2020. The debtor seeks the Court’s approval for the sale of its certain assets to the stalking horse bidder. Debtor’s assets include e-commerce business assets consisting of trademark, domain name, customer files and related data and the digital assets associated with the e-commerce website operated by the debtors. To qualify as a qualified bidder, interested parties should submit their bids by August 26, 2020, along with good-faith deposit in the amount of 10% of the bid price. The debtor has scheduled an auction on August 28, 2020. At the auction, the subsequent bids would be in increments of $0.5 million. The sale hearing is scheduled for September 3, 2020.