On February 27, 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 Interep National Radio Sales, Inc. and its affiliates.
The filing was assigned docket number 1160 and is described on the court’s official docket as follows:
Motion to Approve /Trustee’s Motion for an Order (I) Approving the Private Sales of Certain Assets to Oak Point Partners, Inc., Free and Clear of Liens, Claims, Interests, and Encumbrances Pursuant to Certain Purchase Agreements; (II) Finding that Oak Point is a Good Faith Purchaser; (III) Waiving the Bankruptcy Rule 6004(H) Stay; and (IV) Granting Related Relief filed by Adam L. Rosen on behalf of Kenneth Silverman with hearing to be held on 3/17/2015 at 10:00 AM at Courtroom TBA, White Plains Courthouse (RDD) Responses due by 3/10/2015,. (Attachments: # (1) Exhibit A – Purchase Agreement – Judgments # (2) Exhibit B – Purchase Agreement – Remnant Assets # (3) Notice of Hearing # (4) Appendix Affidavit of Service) (Rosen, Adam)
Interep National Radio Sales, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 30, 2008. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 08-11079. The bankruptcy case is currently assigned to United States Bankruptcy Judge Robert Drain. The law firm of Jones Day LLP is acting as lead bankruptcy counsel to Interep National Radio Sales, Inc. in the bankruptcy case.