GT Advanced Technologies Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On December 12, 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 GT Advanced Technologies Inc. and its affiliates.

The filing was assigned docket number 776 and is described on the court’s official docket as follows:

Supplemental Motion to Approve /Debtors (I) Supplement to Motion Under Bankruptcy Code Sections 105(a), 327(a), 328(a), 330(a) and 363 and Bankruptcy Rules 2002, 2014, 2016 and 6004(h) For Entry of Order (I) Approving Procedures to Sell, Lease, or Otherwise Dispose of Excess Assets, (II) Authorizing Retention of Brokers and Other Sales Agents, and (III) Waiving Requirements of Local Bankruptcy Rule 2016-1 and (II) Omnibus Reply to Objections Filed by Debtor GT Advanced Technologies, Inc. (RE: related document(s) 486 Motion filed by Debtor GT Advanced Technologies, Inc., 522 Certificate of Service, 546 Objection filed by Creditor Meyer Burger, Creditor Diamond Materials Tech, Inc., Creditor MBT Systems Ltd., 548 Response filed by Creditor Steel-Pro, Inc., 549 Objection filed by Creditor Naumann/Hobbs Material Handling Corp. II, Inc., 553 Response filed by Creditor City of Pontiac General Employee’s Retirement System) (Attachments: # 1 Exhibit A – Proposed Order # 2 Exhibit B – Blackline of Proposed Order) (Grogan, James) (Entered: 12/12/2014)

GT Advanced Technologies Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 6, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Hampshire. The case number for the lead bankruptcy case is 14-11916. The bankruptcy case is currently assigned to United States Bankruptcy Judge Henry Boroff. The law firm of Paul Hastings LLP is acting as lead bankruptcy counsel to GT Advanced Technologies Inc. in the bankruptcy case.


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