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 May 21, 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 234 and is described on the court’s official docket as follows:

Order (WITH REVISIONS) (A) Authorizing Sale of Substantially All of the Debtors’ Assets Free and Clear of All Liens, Claims and Interests; (Bz0 Approving Asset Purchase Agreement; (C) Authorizing Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (D) Granting Other Relief. (related document(s)[71], [147], [197]) Order Signed on 5/21/2015. (Attachments: # (1) Exhibit 1) (LCN)

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.


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