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

On December 24, 2014, an order regarding 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 640 and is described on the court’s official docket as follows:

Order approving bid procedures and providing certain protections to stalking horse related to the proposed sale of substantially all assets of debtors Sears Methodist Centers, Inc., Seasrs Permian Retirement Corporation and Sears Panhandle Retirement Corporation and granting related relief (related document # [583]) Entered on 12/24/2014. (Blanco, J.)

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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