The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of certain assets of Kid Brands, Inc. on July 31, 2014. The Court approved the asset purchase procedure for the sale of its miscellaneous assets. If a buyer offers a purchase price of less than $0.1 million, then the debtor would sell the inventory or asset without court order.

If the buyer offers a purchase price greater than $0.1 million and up to $0.2 million, then the debtor shall give sale notice before sale consummation. The notice parties will have 5 business days to object to the sale. If the sale price offered is greater than $0.2 million the debtor will file a motion pursuant to Section 363 of the Bankruptcy Court.