USA Synthetic Fuel Corporation Bankruptcy New Filing Alert: Response To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On April 3, 2015, a response to 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 USA Synthetic Fuel Corporation and its affiliates.

The filing was assigned docket number 54 and is described on the court’s official docket as follows:

Response and Reservation of Rights of City of Lima, Ohio to Debtors’ Motion for an order (I) Approving Procedures in Connection with the Sale of Certain of the Debtors’ Assets Free and Clear of Liens, Claims, Encumbrances, and Interests, (II) Authorizing the Debtors to Enter into an Asset Purchase Agreement in Connection therewith, (III) Authorizing the Payment of Stalking Horse Protections, (IV) Setting Bid Deadline, Auction (if needed) and Sale Approval Hearing Dates, (V) Establishing Notice Procedures and Approving Forms of Notice, and (VI) Approving Procedures Related to Assumption and Assignment of Executory Contracts and Unexpired Leases (related document(s)[6]) Filed by City of Lima, Ohio (Reilley, Patrick)

USA Synthetic Fuel Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 17, 2015. 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 15-10599. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Morris, Nichols, Arsht & Tunnell LLP is acting as lead bankruptcy counsel to USA Synthetic Fuel Corporation in the bankruptcy case.


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