Karmaloop, Inc. Bankruptcy New Filing Alert: Motion For Authority To Reject Agreements

On June 1, 2015, a motion for authority to reject agreements was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 261 and is described on the court’s official docket as follows:

Motion to Reject Lease or Executory Contract // Debtors’ Motion for Order Under 11 U.S.C. Sections 105(a) and 365(a) and Fed. R. Bankr. P. 6006 Authorizing Debtors to Reject Certain Executory Contracts and Unexpired Leases Nunc Pro Tunc to the Rejection Dates Filed by Karmaloop, Inc.. Hearing scheduled for 6/22/2015 at 11:30 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 6/15/2015. (Attachments: # (1) Notice # (2) Exhibit A – Proposed Form of Order) (Johnson, Ericka)

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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