OC Liquidation, Inc. (f/k/a Ormet Corporation) (2013) Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 10, 2014, an order regarding the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of OC Liquidation, Inc. (f/k/a Ormet Corporation) (2013) and its affiliates.

The filing was assigned docket number 1274 and is described on the court’s official docket as follows:

Order Pursuant to Debtors’ Motion For Entry Of An Order Pursuant To 11 U.S.C. Sections 102(1) And 105 Shortening Notice Regarding (1) Debtors’ Motion For Orders: (A) (I) Approving The Bidding Procedures; (II) Scheduling Hearing To Consider Sale; (III) Approving Form And Manner Of Notice Thereof; And (IV) Authorizing Bid Protections; (B) (I) Authorizing And Approving Sale Of Assets Free And Clear Of Liens, Claims, Encumbrances, And Interests; And (II) Approving Assumption And Assignment Of Executory Contracts And Unexpired Leases; And (C) Granting Related Relief; And (2) Debtors’ Motion For An Order Pursuant To 11 U.S.C. Sections 105(a) And 554 And Fed. R. Bankr. P. 6007 (I) Authorizing Abandonment, Disposal And/Or Destruction Of Certain Documents, Books And Records, (II) Waiving Compliance With Certain Retention Laws And Ordinances, And (III) Granting Certain Relief From Fed. R. Bankr. P. 6007 (related document(s)[1270], [1272]). Order Signed on 6/10/2014. (NAL)

OC Liquidation, Inc. (f/k/a Ormet Corporation) (2013) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 25, 2013. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 13-10334. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Dinsmore & Shohl LLP is acting as lead bankruptcy counsel to OC Liquidation, Inc. (f/k/a Ormet Corporation) (2013) in the bankruptcy case.

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