GT Advanced Technologies 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 April 2, 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 GT Advanced Technologies Inc. and its affiliates.

The filing was assigned docket number 1576 and is described on the court’s official docket as follows:

Order Granting Motion Expedite Hearing on Motion / Debtors’ Motion For Order, Pursuant to Bankruptcy Code Sections 105, 362, 363, and 553 and Bankruptcy Rule 6004: (A) Modifying Automatic Stay, Allowing Setoff of Prepetition Obligations, and Approving Related Agreement With Customer; and (B) Authorizing Certain Debtors to Enter Into Intercompany Agreement Related to Sale of ASF Furnaces (related document(s):1544 Motion filed by Debtor GT Advanced Technologies, Inc., 1546 Motion to Expedite Hearing filed by Debtor GT Advanced Technologies, Inc.) Signed on 4/2/2015. Hearing scheduled for 4/8/2015 at 10:00 AM at Berkshire Courtroom, United States Courthouse, 300 State Street, 3rd Floor, Springfield, MA. (jtp) (Entered: 04/02/2015)

GT Advanced Technologies Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 6, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Hampshire. The case number for the lead bankruptcy case is 14-11916. The bankruptcy case is currently assigned to United States Bankruptcy Judge Henry Boroff. The law firm of Paul Hastings LLP is acting as lead bankruptcy counsel to GT Advanced Technologies Inc. in the bankruptcy case.


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