C. Wonder LLC Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On January 22, 2015, 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 C. Wonder LLC and its affiliates.

The filing was assigned docket number 22 and is described on the court’s official docket as follows:

Motion re: for an Order Pursuant to 11 U.S.C. Sections 363 and 365 and Fed. R. Bankr. P. 2002, 6004 and 6006: (1) Approving “Stalking Horse” Asset Purchase Agreement for the Sale of Certain of the Debtors’ Remaining Assets; (2) Approving Bidding Procedures and Form, Manner and Sufficiency of Notice; (3) Scheduling (A) an Auction Sale and (B) a Hearing to Consider Approving the Highest and Best Offer; (4) Authorizing the Debtors to Sell Certain of Their Remaining Assets Free and Clear of Liens, Claims, Encumbrances, and Interests and to Assume and Assign Certain Related Executory Contracts and Unexpired Leases; and (5) Granting Other Related Relief Filed by Michael D. Sirota on behalf of C. Wonder LLC. (Attachments: # 1Application in Support of Motion # 2 Exhibit A – Asset Purchase Agreement # 3 Proposed Order) (Sirota, Michael) (Entered: 01/22/2015)

C. Wonder LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 22, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Jersey. The case number for the lead bankruptcy case is 15-11127. The bankruptcy case is currently assigned to United States Bankruptcy Judge Michael Kaplan. The law firm of Cole, Schotz, Meisel, Forman & Leonard, P.A. is acting as lead bankruptcy counsel to C. Wonder LLC in the bankruptcy case.


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