Adinath Corp. & Simply Fashion Stores, Ltd. 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 23, 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 Adinath Corp. & Simply Fashion Stores, Ltd. and its affiliates.

The filing was assigned docket number 83 and is described on the court’s official docket as follows:

Order (I)Approving Prodedures in Connection with the Sale of all of Substantially all of the Debtor’s Assets; (II) Authorizing the Debtor to Enter into Stalking Horse Agreement in Connection Therewith; (III) Approving the Payment of Stalking Horse Protections; and (IV) Setting Related Auction and Sale Hearing Dates – Sale Hearing scheduled for 05/06/2015 at 08:00 AM at C. Clyde Atkins U.S. Courthouse, 301 N Miami Ave Courtroom 8 (LMI), Miami, FL 33128. (Grimm, Carmela) (Entered: 04/23/2015)

Adinath Corp. & Simply Fashion Stores, Ltd. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 16, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Florida . The case number for the lead bankruptcy case is 15-16885. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurel Isicoff. The law firm of Berger Singerman P.A. is acting as lead bankruptcy counsel to Adinath Corp. & Simply Fashion Stores, Ltd. in the bankruptcy case.


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