Karmaloop, 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 17, 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 Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 147 and is described on the court’s official docket as follows:

Order (A) Approving Bid Procedures and Bid Protections Relating to Sale of Substantially All of Debtors’ Assets; (B) Scheduling an Auction and Hearing; (C) Approving Form and Manner of Notice of Sale and Auction; and (D) Establishing Procedures Relating to Assumption and Assignment and Rejection of Contracts (Related Doc # [71], [144]) Order Signed on 4/17/2015. (Attachments: # (1) Index 1 # (2) Exhibit 2 # (3) Exhibit 3) (MML)

Karmaloop, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 23, 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 15-10635. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Burns & Levinson LLP is acting as lead bankruptcy counsel to Karmaloop, Inc. in the bankruptcy case.


Leave a Reply