S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 20, 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 S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) and its affiliates.

The filing was assigned docket number 69 and is described on the court’s official docket as follows:

Motion to Sell Property of the Estate Free and Clear of Liens under Section 363(f) Notice of Motion and Motion of Debtors Requesting (A) the Scheduling of an Auction and Sale Hearing in Connection with the Sale of Substantially All the Debtors Assets, (B) Approval of Bidding Procedures for Such Assets, (C) Approval of Purchase Agreement with Stalking Horse Bidder, (D) Approval of the Form and Scope of Notice of Auction and Sale Hearing, (E) Approval of Procedures for the Assumption, Assignment and Sale of Contracts and Leases to the Purchaser, and (F) Approval of Sale of the Debtors Assets to the Purchaser. Fee Amount $176, Filed by Debtor S.B. Restaurant Co. (Pomerantz, Jeffrey) (Entered: 06/20/2014)

S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 16, 2014. 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 14-13778. The bankruptcy case is currently assigned to United States Bankruptcy Judge Erithe Smith. The law firm of Pachulski Stang Ziehl & Jones LLP is acting as lead bankruptcy counsel to S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) in the bankruptcy case.

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