Underground Energy, Inc.  Bankruptcy New Filing Alert: Affidavit Or Declaration Regarding Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 13, 2014, an affidavit or declaration regarding motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Underground Energy, Inc.  and its affiliates.

The filing was assigned docket number 542 and is described on the court’s official docket as follows:

Declaration re: In Support of Motion of Debtor (A) Approving Sale of Burrel Assets, Free and Clear of All Liens, Claims, Encumbrances and Interests; (B) Approving Bid Procedures for the Sale and Auction of Assets; (C) Establishing Procedures Relating to the Assumption, Assignment and Sale of Certain Leases and Executory Contracts; and (D) Granting Related Relief Filed by Debtor Underground Energy, Inc. (RE: related document(s)493 Motion to Sell Property of the Estate Free and Clear of Liens under Section 363(f) [NOTICE OF MOTION] Claims, Encumbrances and Interests; (B) Approving Bid Procedures for the Sale and Auction of Assets; (C) Establishing Procedures Relating to the Ass). (Winfield, William) (Entered: 06/13/2014)

Underground Energy, Inc.  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 4, 2013. The bankruptcy case is pending before the United States Bankruptcy Court for the Central District of California . The case number for the lead bankruptcy case is 13-10563. The bankruptcy case is currently assigned to United States Bankruptcy Judge Robin Riblet. The law firm of Nordman Cormany Hair & Compton LLP is acting as lead bankruptcy counsel to Underground Energy, Inc.  in the bankruptcy case.

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