Baxano Surgical Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On December 12, 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 Baxano Surgical Inc. and its affiliates.

The filing was assigned docket number 147 and is described on the court’s official docket as follows:

Order (A) Approving Bidding Procedures; (B) Approving Form of Sale Notice and Assumption/Cure Notice, (C) Approving Procedures for the Assumption and Assignment of Contracts and Leases; (D) Authorizing the Debtor to Designate a Stalking Horse and Provide Bid Protections, and (E) Setting a Date for the Sale Hearing. (related document(s)[43]) Order Signed on 12/12/2014. (Attachments: # (1) Exhibit I # (2) Exhibit II # (3) Exhibit III) (TMB)

Baxano Surgical Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 12, 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 14-12545. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Stevens & Lee, P.C. is acting as lead bankruptcy counsel to Baxano Surgical Inc. in the bankruptcy case.


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