Cal Dive International, Inc. 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 June 15, 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 Cal Dive International, Inc. and its affiliates.

The filing was assigned docket number 463 and is described on the court’s official docket as follows:

Limited Objection and Reservation of Rights of Jacob O’Neil and Adam Tuma to the Debtors’ Motion for (I) Approving (A) Bid Procedures, (B) Procedures for Assumption and Assignment of Executory Contracts and Unexpired Leases, (C) Procedures for Establishing Lien Reserves, and (D) Related Notices and Relief, and (II) Order Approving (A) Sale of Substanitally All Assets Free and Clear of All Liens, Claims, Encumbrances, and Other Interests Under Bankruptcy Code Sections 105, 363(b), (f),and (m), (B) Assumption, Assignment and Sale of Executory Contracts and Unexpired Leases Under Bankruptcy Code Sections 363 and 365, (C) Lien Reserves, and (D) Related Relief (related document(s)[426]) Filed by Jacob O’Neil and Adam Tuma (Attachments: # (1) Exhibit A # (2) Certificate of Service) (Hurford, Mark)

Cal Dive International, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 3, 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 15-10458. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of O’Melveny & Myers LLP is acting as lead bankruptcy counsel to Cal Dive International, Inc. in the bankruptcy case.


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