Key Bankruptcy Court Filings Regarding The Sale Of Assets Pursuant To Section 363 Of The Bankruptcy Code: Feb. 4, 2014

Feb. 05, 2014 2:55 PM ET
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Contributor Since 2010

Randall Reese founded Restructuring Concepts LLC after spending nearly six years with the international law firm of Skadden, Arps, Slate, Meagher & Flom LLP in its Corporate Restructuring practice group. During that time, he represented clients in many large and complex chapter 11 cases, including representing US Airways Group, Inc. (2002), Delphi Corporation, Washington Group International, Inc., and Enron Corporation as debtors and debtors-in-possession. Mr. Reese also represented creditors, investors, acquirers and other interested parties in numerous other cases, including the chapter 11 cases of US Airways, Inc. (2004), ATA Airlines Corp., PG&E National Energy Group, Inc., Solutia, Inc., USGen New England, Inc., Midway Airlines Corp., and Venture Holdings LLC. Prior to joining Skadden, Mr. Reese also worked with a variety of organizations ranging from new ventures to internationally-renowned business think tanks to Fortune 500 companies. Mr. Reese received his B.S.B.A. from Georgetown University, his J.D. from the University of Chicago Law School, and his M.B.A. from the University of California, Berkeley.

Our Chapter 11 Dockets product (learn more here: www.chapter11dockets.com) tracks every document filed in over 1,750 of the largest corporate chapter 11 cases filed nationwide. That's over 1,000 separate docket entries on the average day.

Below, we've gathered a list of some of the most important and interesting documents on this topic that have been filed in the last day or so - basically the 24-hour period starting late afternoon/early evening the night before last and ending late afternoon/early evening last night.

Click on the document summary to view a more detailed description of the document.

    • Case Name: Overseas Shipholding Group, Inc.
      • Document Summary: Motion For Sale of Property Free and Clear of Liens under Section 363(f) Debtors Motion for Orders (I)(A) Authorizing Debtor Sellers Entry into the Purchase Agreement, (B) Authorizing and Approving Bidding Procedures and Bid Protections, (C) Approving the Notice Procedures, (D) Setting a Date for a Sale Hearing; and (II) Authorizing and Approving Sale of Certain of the Debtors Vessels Free and Clear of Encumbrances Fee Amount $176 Filed by Overseas Shipholding Group, Inc.. Hearing scheduled for 2/20/2014 at 09:30 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #2, Wilmington, Delaware. Objections due by 2/14/2014. (Attachments: # (1) Notice # (2) Exhibit A (Bidding Procedures Order) # (3) Exhibit B (Sale Order) # (4) Exhibit C (Purchase Agreement - Part 1 of 4) # (5) Exhibit C (Purchase Agreement - Part 2 of 4) # (6) Exhibit C (Purchase Agreement - Part 3 of 4) # (7) Exhibit C (Purchase Agreement - Part 4 of 4) # (8) Exhibit D (Zabrocky Declaration) # (9) Exhibit E (Rosenberg Declaration)) (Butz, Daniel)
    • Case Name: Xtreme Power Inc.
      • Document Summary: Objection to Debtors Motion for Order (A)(I) Approving Bidding Procedures in Connection with the Sale of Substantially All of Their Assets by Public Auction; (II) Scheduling a Hearing to Consider the Sale of Assets; and (III) Approving the Form and Manner of Notice Thereof; (B)(I) Authorizing and Approving the Sale of Assets Free and Clear of Liens, Claims, Encumbrances and Interests; and (II) Approving the Assumption and Assignment of Potential Designated Executory Contracts and Unexpired Leases; and (C) Granting Related Relief Filed by Meghan E.B. DeBard for Creditor First Wind Holdings, LLC for itself and its subsidiaries and affiliates (DeBard, Meghan) (related document(s): 30 DEBTORS MOTION FOR ORDERS (A)(I) APPROVING BIDDING PROCEDURES IN CONNECTION WITH THE SALE OF SUBSTANTIALLY ALL OF THEIR ASSETS BY PUBLIC AUCTION; (II) SCHEDULING A HEARING TO CONSIDER THE SALE OF ASSETS; AND (III) APPROVING THE FORM AND MANNER OF NOTICE THEREOF; (B)(I) AUTHORIZING AND APPROVING THE SALE OF ASSETS FREE AND CLEAR OF LIENS, CLAIMS, ENCUMBRANCES AND INTERESTS; AND (II) APPROVING THE ASSUMPTION AND ASSIGNMENT OF POTENTIAL DESIGNATED EXECUTORY CONTRACTS AND UNEXPIRED LEASES; AND (C) GRANTING RELATED RELIEF (If no timely response is filed by February 4, 2014, the relief requested herein may be granted without a hearing being held. Day Objection Language) filed by Nathaniel Peter Holzer for JointAdmin Debtors Xtreme Power Grove, LLC, Xtreme Power Systems, LLC, Debtor Xtreme Power Inc. (Attachments: # 1 Proposed Order))
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