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

On December 16, 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 World Cable, Inc. and its affiliates.

The filing was assigned docket number 123 and is described on the court’s official docket as follows:

Motion to Approve Debtors’ Motion Seeking an Order: (A) Approving Procedures for the Sale of Real Property Located at 676 Third Avenue, Brooklyn, New York; (B) Scheduling an Auction; and (C) Approving Form of Notice filed by Schuyler G. Carroll on behalf of World Cable, Inc. with hearing to be held on 12/22/2014 at 09:00 AM at Courtroom 501 (MG) Responses due by 12/19/2014,. (Attachments: # (1) Exhibit A – Agreement with Kamco Services (Part 1 of 2) # (2) Exhibit A – Agreement with Kamco Services (Part 2 of 2) # (3) Exhibit B – Form of Bid Procedures # (4) Exhibit C – Proposed Order # (5) Exhibit D – Form of Sale Notice # (6) Notice of Presentment) (Carroll, Schuyler)

World Cable, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 21, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 14-10379. The bankruptcy case is currently assigned to United States Bankruptcy Judge Martin Glenn. The law firm of Perkins Coie LLP is acting as lead bankruptcy counsel to World Cable, Inc. in the bankruptcy case.


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