On March 26, 2015, a plan of reorganization was filed in the bankruptcy case of Baxano Surgical Inc. and its affiliates.
The filing was assigned docket number 374 and is described on the court’s official docket as follows:
Motion to Approve Stipulation / Joint Motion of Debtor, Official Committee of Unsecured Creditors and Hercules Technology Growth Capital, Inc., Pursuant to Federal Rule of Bankruptcy Procedure 9019 and Sections 105(a), 502(B) and 506(A) of the Bankruptcy Code for Approval of Stipulation Between the Debtor, the Creditors Committee and Hercules Technology Growth Capital, Inc. (A) Fixing Allowed Claims of Hercules Technology Growth Capital, Inc., (B) Providing for Terms of Payment of Allowed Claims of Hercules Technology Growth Capital, Inc., and (C) Providing for Support by Hercules Technology Growth Capital, Inc. of Chapter 11 Plan Filed by Baxano Surgical, Inc.. Hearing scheduled for 4/28/2015 at 10:00 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #6, Wilmington, Delaware. (Attachments: # (1) Notice # (2) Proposed Form of Order) (Demmy, John)
Baxano Surgical Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 12, 2014. 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 14-12545. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Stevens & Lee, P.C. is acting as lead bankruptcy counsel to Baxano Surgical Inc. in the bankruptcy case.