American Spectrum Realty Inc. (Involuntary) Bankruptcy New Filing Alert: Order Regarding The Motion For The Appointment Of A Chapter 11 Trustee Or An Examiner

On March 17, 2015, an order regarding the motion for the appointment of a chapter 11 trustee or an examiner was filed in the bankruptcy case of American Spectrum Realty Inc. (Involuntary) and its affiliates.

The filing was assigned docket number 42 and is described on the court’s official docket as follows:

Order Granting, In Part, Petitioning Creditors’ Emergency Motion For Entry Of An Order For Relief And For The Appointment Of A Chapter 11 Trustee And Order To Show Cause Why Sanctions Should Not Issue. IT IS ORDERED: The Court hereby issues an Order to Show Cause (“OSC”) as to why the Texas Bankruptcy Case should not be immediately transferred to this Court. That hearing shall be conducted on March 19, 2015, at 11:00 a.m. in Courtroom 5C, 411 West Fourth Street, Santa Ana, CA 92701. All oppositions are due at time of the hearing (SEE ORDER FOR FURTHER RULING) (Related Doc # 37 ) Signed on 3/17/2015 (Bolte, Nickie) (Entered: 03/17/2015)

American Spectrum Realty Inc. (Involuntary) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 13, 2015. 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 15-10721. The bankruptcy case is currently assigned to United States Bankruptcy Judge Scott Clarkson. The law firm of Fuqua & Associates, PC  is acting as lead bankruptcy counsel to American Spectrum Realty Inc. (Involuntary) in the bankruptcy case.


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