ALCO Stores, Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On November 25, 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 ALCO Stores, Inc. and its affiliates.

The filing was assigned docket number 386 and is described on the court’s official docket as follows:

Motion Emergency Motion Of Debtors For Entry Of An Order To (A) Approve Sale Process Relating To Debtors’ (I) Owned Real Property And (II) Designation Rights, (B) Approve Bidding Procedures In Connection With An Auction (C) Schedule A Sale Hearing (D) Approve The Form And Manner Of Notice Related Thereto (E) Authorize Sale Free And Clear Of All Liens, Claims, Encumbrances And Interests, And (F) Grant Related Relief. Filed by Debtor ALCO Stores, Inc. (Attachments: # (1) Exhibit A # (2) Exhibit B) (Slusher, Vincent)

ALCO Stores, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 12, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Texas . The case number for the lead bankruptcy case is 14-34941. The bankruptcy case is currently assigned to United States Bankruptcy Judge Stacey Jernigan. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to ALCO Stores, Inc. in the bankruptcy case.


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