On June 13, 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 Underground Energy, Inc. and its affiliates.
The filing was assigned docket number 543 and is described on the court’s official docket as follows:
ORDER (A) AUTHORIZING SALE OF BURREL ASSETS, FREE AND CLEAR OF ALL LIENS, CLAIMS, ENCUMBRANCES AND INTERESTS; (B) AUTHORIZING THE ASSUMPTION, ASSIGNMENT AND SALE OF CERTAIN LEASES AND EXECUTORY CONTRACTS; (C) APPROVING BID PROCEDURES; AND (C) GRANTING RELATED RELIEF (BNC-PDF) (Related Doc # 493 ) Signed on 6/13/2014 (Zick, Ryan) (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.