Cloudeeva, Inc. (f/d/b/a Systems America, Inc.) 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 18, 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 Cloudeeva, Inc. (f/d/b/a Systems America, Inc.) and its affiliates.

The filing was assigned docket number 526 and is described on the court’s official docket as follows:

CORRECTED ORDER (I) APPROVING THE BIDDING PROCEDURES, (II) APPROVING THE SELLER TERMINATION FEE AND THE REIMBURSEMENT AMOUNT (STALKING HORSE PROTECTIONS), (III) APPROVING THE FORM AND MANNER OF SALE NOTICES AND (IV) SETTING THE AUCTION AND SALE HEARING DATE IN CONNECTION WITH SALE OF CLOUDEEVA DELAWARES ASSETS AND ASSUMPTION AND ASSIGNMENT OF RELATED CONTRACTS AND LEASES (The Bid Procedures Order) Order (related document:[500] Motion to Sell Property Free and Clear of Liens under Section 363(f).Property for sale: re Asset Purchase Agreement, etc… Fee Amount $176. Filed by Richard Honig on behalf of Richard Honig. (Attachments: # 1 Exhibit 1 to Motion # 2 Declaration of Richard B. Honig # 3 Proposed Order Approving Bidding Procedures with Exhibits attached # 4 Proposed Order approving sale) filed by Trustee Richard Honig). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 3/18/2015. (fed)

Cloudeeva, Inc. (f/d/b/a Systems America, Inc.) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 21, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Jersey. The case number for the lead bankruptcy case is 14-24874. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kathryn Ferguson. The law firm of Lowenstein Sandler PC is acting as lead bankruptcy counsel to Cloudeeva, Inc. (f/d/b/a Systems America, Inc.) in the bankruptcy case.


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