Money Centers of America, Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 12, 2014, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Money Centers of America, Inc. and its affiliates.

The filing was assigned docket number 138 and is described on the court’s official docket as follows:

Motion to Approve (Motion of the Chapter 11 Trustee for Money Centers of America, Inc. for an Order Authorizing and Approving Procedures for the Sale or Abandonment of Certain Assets Free and Clear of Liens, Claims, Interests and Encumbrances Without Further Order of the Court) Filed by Michael St. Patrick Baxter. Hearing scheduled for 7/3/2014 at 10:00 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #6, Wilmington, Delaware. Objections due by 6/26/2014. (Attachments: # (1) Notice # (2) Exhibit A (Proposed Order)) (Reilley, Patrick)

Money Centers of America, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 21, 2014. 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 14-10603. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Cross & Simon, LLC is acting as lead bankruptcy counsel to Money Centers of America, Inc. in the bankruptcy case.

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