Canopy Financial, Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On January 23, 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 Canopy Financial, Inc. and its affiliates.

The filing was assigned docket number 1061 and is described on the court’s official docket as follows:

Notice of Motion and Motion to Use Sell or Lease Property 363(b) – Certain Artwork and Carpets. Filed by James B. Sowka on behalf of Gus A Paloian. Hearing scheduled for 2/18/2015 at 09:30 AM at 219 South Dearborn, Courtroom 744, Chicago, Illinois 60604. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Proposed Order) (Sowka, James)

Canopy Financial, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 25, 2009. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Illinois . The case number for the lead bankruptcy case is 09-44943. The bankruptcy case is currently assigned to United States Bankruptcy Judge Eugene Wedoff. The law firm of Unknown is acting as lead bankruptcy counsel to Canopy Financial, Inc. in the bankruptcy case.


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