The Bob Bondurant School of High Performance Driving’s executive team has reportedly secured a 30-day extension from the U.S. Bankruptcy Court in the District of Arizona. The news comes as the team continues negotiations with prospective buyers of the high-performance driving school.

The school filed for Chapter 11 Bankruptcy in October of last year, and since then, many of its sponsors, students and key employees have supported the business, which has been conducting a full schedule of classes at a Chandler, Arizona track. Bondurant also hosted the Mazda Road to Indy Shoot-Out in early December.

The school also celebrated its 51st anniversary in mid-February, making it one of the longest continuously running racing instruction schools in North America, according to The Shop.

For more information, visit the Bob Bondurant School of High Performance Driving website.