On March 31, 2015, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) and its affiliates.
The filing was assigned docket number 68 and is described on the court’s official docket as follows:
Motion to Approve / Motion of the Debtor For Entry of (I) an Order (A) Approving Bidding Procedures for the Sale of Doral Insurance Agency LLC or its Assets, (B) Approving the Proposed Expense Reimbursement and Break-Up Fee, (C) Approving the Form and Manner of Notice, and (D) Scheduling an Auction and a Sale Hearing, and (II) an Order Authorizing and Approving the Sale of Doral Insurance Agency, LLC or its Assets filed by Mark I Bane on behalf of Doral Financial Corporation with hearing to be held on 4/9/2015 at 10:00 AM at Courtroom 623 (SCC) Responses due by 4/6/2015,. (Bane, Mark)
Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 11, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 15-10573. The bankruptcy case is currently assigned to United States Bankruptcy Judge Shelley Chapman. The law firm of Ropes & Gray LLP is acting as lead bankruptcy counsel to Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) in the bankruptcy case.