Quantum Foods, LLC Bankruptcy New Filing Alert: Objection To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 18, 2014, an objection to 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 Quantum Foods, LLC and its affiliates.

The filing was assigned docket number 448 and is described on the court’s official docket as follows:

Limited Objection and Reservation of Rights of PNC Equipment Finance, LLC to Debtors’ Motion for Entry of an Order, Pursuant to Bankruptcy Code Sections 105(a), 363, and 365, Bankruptcy Rules 2002, 6004 and 9014, and Local Rule 6004-1: (i) Approving Entry Into Purchase Agreement for Sale of Equipment Located in their Culinary and Foods Facilities; (II) Athorizing Private Sale of Equipment Located in their Culinary and Foods Facilities Free and Clear of Liens, Claims, Encumbrances, and Other Interests on Terms and Conditions Set Forth in Purchase Ageement; and (III) Granting Related Relief (related document(s)[431]) Filed by PNC Bank, National Association (Weis, Martin)

Quantum Foods, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 18, 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 14-10318. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Winston & Strawn LLP is acting as lead bankruptcy counsel to Quantum Foods, LLC in the bankruptcy case.

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