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 January 20, 2015, 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 689 and is described on the court’s official docket as follows:

Objection to (related document(s): [584] Motion to sell / Motion Of Debtor Sears Tyler Methodist Retirement Corporation For Orders (I) (A) Authorizing And Approving Bid Procedures To Be Employed In Connection With The Proposed Sale Of Substantially All Of The Assets Of The Debtor; (B) Appro filed by Debtor Sears Methodist Retirement System, Inc.) filed by Creditor Smith County. (Huffman, Laurie)

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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