ProNerve Holdings, LLC Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On March 11, 2015, an order regarding the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of ProNerve Holdings, LLC and its affiliates.

The filing was assigned docket number 81 and is described on the court’s official docket as follows:

Order (WITH REVISIONS) (I) Approving Procedures in Connection with the Sale of Certain of the Debtors’ Assets Free and Clear of Liens, Claims, Encumbrances, and Interests, (II) Authorizing the Debtor to Enter into a Stalking Horse Agreement in Connection therewith, (III) Authorizing the Payment of Expense Reimbursement, (IV) Setting Bid Deadline, Auction (if needed) and Sale Approval Hearing Dates, (V) Establishing Notice Procedures and Approving Forms of Notice, (VI) Approving Procedures Related to Assumption and Assignment of Executory Contracts and Unexpired Leases and (VII) Authorizing the Sellers to File the Confidential Schedules Under Seal. (related document(s)[16], [17], [38]) Order Signed on 3/11/2015. (Attachments: # (1) “Annex 1”) (LMD)

ProNerve Holdings, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 24, 2015. 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 15-10373. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of McDermott Will & Emery is acting as lead bankruptcy counsel to ProNerve Holdings, LLC in the bankruptcy case.


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