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

On January 26, 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 Baxano Surgical Inc. and its affiliates.

The filing was assigned docket number 242 and is described on the court’s official docket as follows:

Motion for Leave (Motion of Hercules Technology Growth Capital, Inc. for Leave to File Reply to the Limited Objection of the Official Committee of Unsecured Creditors to the Debtor’s Sale of Assets) (related document(s)[43], [234]) Filed by Hercules Technology Growth Capital, Inc.. (Attachments: # (1) Exhibit A – Reply # (2) Exhibit B – Proposed Order) (Brannick, Nicholas)

Baxano Surgical Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 12, 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 14-12545. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Stevens & Lee, P.C. is acting as lead bankruptcy counsel to Baxano Surgical Inc. in the bankruptcy case.


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