Capitol Bancorp Ltd.  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 Capitol Bancorp Ltd.  and its affiliates.

The filing was assigned docket number 921 and is described on the court’s official docket as follows:

Order Granting Debtor Capitol Bancorp Ltd’s Motion to Authorize Sale of Stock in Summit Bank of Kansas City (Related Doc # 911). (sms) (Entered: 12/12/2014)

Capitol Bancorp Ltd.  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 9, 2012. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of Michigan . The case number for the lead bankruptcy case is 12-58409. The bankruptcy case is currently assigned to United States Bankruptcy Judge Marci McIvor. The law firm of Honigman Miller Schwartz & Cohn LLP is acting as lead bankruptcy counsel to Capitol Bancorp Ltd.  in the bankruptcy case.


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