USA Synthetic Fuel Corporation 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 June 1, 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 USA Synthetic Fuel Corporation and its affiliates.

The filing was assigned docket number 149 and is described on the court’s official docket as follows:

Order (I) Approving The Sale Of The Debtors’ Assets Outside The Ordinary Course Of Business, (II) Authorizing The Sale Of Assets Free And Clear Of All Liens, Claims Encumbrances And Interests, (III) Approving The Stalking Horse Agreement, (IV) Approving The Assumption And Assignment Of Certain Executory Contracts And Unexpired Leases Related Thereto, And (V) Granting Related Relief. (related document(s)[6], [91]) Signed on 6/1/2015. (JAF)

USA Synthetic Fuel Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 17, 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 15-10599. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Morris, Nichols, Arsht & Tunnell LLP is acting as lead bankruptcy counsel to USA Synthetic Fuel Corporation in the bankruptcy case.


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