On December 30, 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 Reichhold Holdings US, Inc. and its affiliates.
The filing was assigned docket number 390 and is described on the court’s official docket as follows:
Objection of the ACE Companies to Debtors’ Motion for (I) Order (A) Approving Bidding Procedures in Connection With the Sale of Substantially All of the Debtors Assets Pursuant To Sections 363 and 365 of the Bankruptcy Code; (B) Scheduling an Auction and Hearing to Consider Approval of the Sale; and (C) Approving Notice of Respective Date, Time and Place for Auction and For Hearing on Approval of the Sale and the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (II) Order Authorizing (A) the Sale of Substantially all of the Debtors’ Assets Free and Clear of Liens, Claims and Encumbrances; and (B) Assumption and Assignment of Certain Executory Contracts and Unexpired Leases (related document(s)) Filed by Illinois Union Insurance Company, ACE International Insurance Company, ACE American Insurance Company (Attachments: # (1) Certificate of Service) (Riley, Richard)
Reichhold Holdings US, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 30, 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 14-12237. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Cole, Schotz, Meisel, Forman & Leonard, P.A. is acting as lead bankruptcy counsel to Reichhold Holdings US, Inc. in the bankruptcy case.