On January 28, 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 New Louisiana Holdings, LLC and its affiliates.
The filing was assigned docket number 485 and is described on the court’s official docket as follows:
Motion to Expedite Hearing (Re: 477 Motion to Sell) Motion for Expedited Consideration of Palm Terrace Debtors’ Motion for Entry of (I) An Order (A) Approving Bidding Procedures in Connection with Sale of Substantially All of Their Assets, (B) Approving Break-Up Fee, (C) Scheduling an Auction and Hearing to Consider the Proposed Sale, and (D) Approving the Form and Manner of Notice Thereof; and (II) An Order (A) Approving the Sale, (B) Authorizing the Assumption and Assignment of Executory Contracts and Unexpired Leases, and (C) Granting Certain Related Relief Filed by Patrick J. Neligan Jr. on behalf of New Louisiana Holdings, LLC (Neligan, Patrick) (Entered: 01/28/2015)
New Louisiana Holdings, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 25, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Western District of Louisiana . The case number for the lead bankruptcy case is 14-50756. The bankruptcy case is currently assigned to United States Bankruptcy Judge Robert Summerhays . The law firm of Neligan Foley LLP is acting as lead bankruptcy counsel to New Louisiana Holdings, LLC in the bankruptcy case.