Lee Steel Corporation Bankruptcy New Filing Alert: Objection To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On May 26, 2015, an objection to 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 Lee Steel Corporation and its affiliates.

The filing was assigned docket number 151 and is described on the court’s official docket as follows:

Objection to (related document(s): 85 Motion to Sell Property Free and Clear of Lien under Section 363(f) and 365, Bankruptcy Rules 2002 and 6004, and Local Rules 6004-1 and 9014-1 (A) Establishing Bidding Procedures for the Auction Sale of Substantially all of Debtors’ Assets Fr) The Official Committee of Unsecured Creditors’ Objection to Debtor’s Bidding Procedures Motion Filed by Creditor Committee Official Committee of Unsecured Creditors (Attachments: # 1 Certificate of Service) (Kochis, Anthony) (Entered: 05/26/2015)

Lee Steel Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 13, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of Michigan . The case number for the lead bankruptcy case is 15-45784. The bankruptcy case is currently assigned to United States Bankruptcy Judge Marci McIvor. The law firm of McDonald Hopkins LLC is acting as lead bankruptcy counsel to Lee Steel Corporation in the bankruptcy case.


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