Baxano Surgical Inc. Bankruptcy New Filing Alert: Disclosure Statement With Respect To A Plan Of Reorganization Or Liquidation

On April 27, 2015, a disclosure statement with respect to a plan of reorganization or liquidation was filed in the bankruptcy case of Baxano Surgical Inc. and its affiliates.

The filing was assigned docket number 435 and is described on the court’s official docket as follows:

Motion to Approve / Motion of the Debtor for Order (I) Approving the Disclosure Statement for Chapter 11 Plan; (II) Establishing Record Dates; (III) Approving Solicitation Procedures, Forms of Ballots, and Manner of Notice; and (IV) Fixing the Date, Time, and Place for Confirmation Hearing and Deadline for Filing Objections Thereto (related document(s)[432], [433]) Filed by Baxano Surgical, Inc.. Hearing scheduled for 6/2/2015 at 02:00 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #6, Wilmington, Delaware. Objections due by 5/26/2015. (Attachments: # (1) Notice of Hearing # (2) Exhibit A [Disclosure Statement Order] # (3) Exhibit B [Disclosure Statement] # (4) Exhibit C [Disclosure Statement Notice] # (5) Exhibit D [Forms of Class 1, Class 2 and Class 3 Ballots] # (6) Exhibit E [Confirmation Hearing Notice] # (7) Exhibit F [Notice of Non-Voting Status]) (Demmy, John)

Baxano Surgical Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 12, 2014. 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 14-12545. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Stevens & Lee, P.C. is acting as lead bankruptcy counsel to Baxano Surgical Inc. in the bankruptcy case.


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