Cereplast, Inc. Bankruptcy New Filing Alert: Motion For Authority To Abandon Assets Of The Debtor’S Estate

On June 10, 2014, a motion for authority to abandon assets of the debtor’s estate was filed in the bankruptcy case of Cereplast, Inc. and its affiliates.

The filing was assigned docket number 221 and is described on the court’s official docket as follows:

Motion to Abandon, Motion for Relief from Stay and Waiver of 30-Day Preliminary & 60-Day Final Hearing Time Requirement with Notice & Certificate of Service dated 6/10/2014, filed by James P Moloy on behalf of Creditor Group 7 AG. Objections due by 06/24/2014. (Attachments: (1) Matrix Matrix (2) Exhibit A – Invoices – Pre-Petition (3) Exhibit B – Invoices – Post-Petition) (Moloy, James)

Cereplast, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 10, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Indiana . The case number for the lead bankruptcy case is 14-90200. The bankruptcy case is currently assigned to United States Bankruptcy Judge Basil Lorch III. The law firm of Austin Legal Group is acting as lead bankruptcy counsel to Cereplast, Inc. in the bankruptcy case.

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