New Louisiana 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 16, 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 New Louisiana Holdings, LLC  and its affiliates.

The filing was assigned docket number 562 and is described on the court’s official docket as follows:

Order Granting (Re: 477 Motion to Sell 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 Debtor New Louisiana Holdings, LLC). If Committee objs. to Stalking Horse Bidder, hrg will be 4/14/15 @ 10:00 a.m. The Sale Hearing will be held on 5/19/15 at 10:00am. (laur) (Entered: 03/16/2015)

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.


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