Palmdale Hills Property, LLC (SunCal) Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On February 19, 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 Palmdale Hills Property, LLC (SunCal) and its affiliates.

The filing was assigned docket number 5130 and is described on the court’s official docket as follows:

Motion to Approve Compromise Under Rule 9019 Joint Motion Of Chapter 11 Trustee And Lehman Commercial Paper Inc. For Order Authorizing: (A) Chapter 11 Trustee To Enter Into A Settlement Agreement; (B) Sale To LV Emerald Meadows, LLC Of Project And Other Assets Free And Clear Of Encumbrances; (C) Assumption And Assignment Of Contracts To LV Emerald Meadows, LLC; (D) Rejection Of Three Cell Tower Leases; And (E) Waiver Of Applicable Stays Of Bankruptcy Rules 6004(H) And 6006(D); Memorandum Of Points And Authorities Filed by Interested Party Lehman Commercial Paper Inc. (Orgel, Robert) (Entered: 02/19/2015)

Palmdale Hills Property, LLC (SunCal) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 6, 2008. The bankruptcy case is pending before the United States Bankruptcy Court for the Central District of California . The case number for the lead bankruptcy case is 08-17206. The bankruptcy case is currently assigned to United States Bankruptcy Judge Erithe Smith. The law firm of Unknown is acting as lead bankruptcy counsel to Palmdale Hills Property, LLC (SunCal) in the bankruptcy case.


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