Deb Stores Holding LLC (2014) 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 31, 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 Deb Stores Holding LLC (2014) and its affiliates.

The filing was assigned docket number 243 and is described on the court’s official docket as follows:

Objection to Debtors’ Motion For Orders (I)(A) Authorizing Entry Into Agency Agreement, (B) Authorizing Bidding Protections, (C) Authorizing Bidding Procedures and Auction and (D) Scheduling Sale Hearing and Approving Notice Thereof; (II) Authorizing (A) Sale of Assets and (B) Store Closings Sales And (III) Granting Related Relief and Joinder in the Request for Adequate Protection and Motion of Certain Landlords for Entry of an Order Requiring the Debtors to Immediately Pay December Stub Rent (I) as Adequate Protection for the Postpetition Use of the Landlords Property, and/or (II) as Required by Section 365(d)(3) of the Bankruptcy Code, and Granting Such Other And Further Relief (related document(s)[37], [159], [171]) Filed by CREFII Silver City, LLC, GEM Realty Capital, Inc., Metropolis Lifestyle Centers, LLC, Pacific Retail Partners, Starwood Retail Partners, The Macerich Company (Attachments: # (1) Schedule A # (2) Schedule B # (3) Certificate of Service) (Heilman, Leslie)

Deb Stores Holding LLC (2014) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 4, 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 14-12676. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Pachulski Stang Ziehl & Jones LLP is acting as lead bankruptcy counsel to Deb Stores Holding LLC (2014) in the bankruptcy case.


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