Ambient Corporation Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On July 28, 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 Ambient Corporation and its affiliates.

The filing was assigned docket number 10 and is described on the court’s official docket as follows:

Motion to Authorize (I)(A) Authorizing and Approving the Bidding Procedures, (B) Approving Certain Notice Procedures, (C) Approving the Assumption and Assignment Procedures, and (D) Setting a Date for the Sale Hearing and (II) Authorizing and Approving (A) the Sale of the Debtors Assets, and (B) the Assumption and Assignment of Certain Contracts and Leases Filed by Ambient Corporation. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C) (Alberto, Justin) (Entered: 07/28/2014)

Ambient Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 28, 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 14-11791. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Bayard, P.A. is acting as lead bankruptcy counsel to Ambient Corporation in the bankruptcy case.

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