Sears Methodist Retirement System, Inc. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On December 18, 2014, an objection to 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 Sears Methodist Retirement System, Inc. and its affiliates.

The filing was assigned docket number 625 and is described on the court’s official docket as follows:

Objection to (related document(s): [583] Motion to sell / Motion to (I) Approve Bid Procedures (II) Authorize the Sale of Assets Free and Clear of All Liens, Claims, Interests and Encumbrances and (B) the Assumption and Assignment of Certain Executory Contracts and Leases Fee amoun filed by Debtor Sears Methodist Retirement System, Inc.) filed by Interested Parties GP PAL Odessa, LLC, Prevarian AL Odessa, LLC, Prevarian Senior Living, L.P.. (Ong, Jay)

Sears Methodist Retirement System, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 10, 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 14-32821. 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 Sears Methodist Retirement System, Inc. in the bankruptcy case.


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