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 466 and is described on the court’s official docket as follows:

Joinder of Bank of America, N.A., as Agent, to Debtors’ Objection to Motion of Certain Maritime Claimants for Entry of an Order Directing the Appointment of an Official Committee of Maritime Lienholders and Reservation of Rights with Respect Thereto, and Reservation of Rights of Bank of America, N.A., as Agent, with Respect to Debtor’s Motion For (I) Order 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 Substantially 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)[367], [426], [460]) Filed by Bank of America, N.A.. (Brogan, Daniel)

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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