ESCO Marine, Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 15, 2015, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of ESCO Marine, Inc. and its affiliates.

The filing was assigned docket number 231 and is described on the court’s official docket as follows:

Motion for Orders (A)(I) Approving Bidding Procedures in Connection with the Sale of Substantially all of the Assets by Public Auction; (II) Scheduling a Hearing to Consider the Sale of Assets; and (III) Approving the Form and Manner Thereof; (B)(I) Authorizing and Approving the Sale of Assets Free and Clear of Liens, Claims, Encumbrances and Interests; and (II) Approving the Assumption and Assignment of Potential Designated Executory Contracts and Unexpired Lease of Potential Designated Executory Contracts and Unexpired Leases; and (C) Granting Related Relief Filed by Debtor ESCO Marine, Inc. (Attachments: # (1) Proposed Order) (Ayers, Roderick)

ESCO Marine, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 7, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Texas . The case number for the lead bankruptcy case is 15-20107. The bankruptcy case is currently assigned to United States Bankruptcy Judge Richard Schmidt. The law firm of Langley Banack Inc. is acting as lead bankruptcy counsel to ESCO Marine, Inc. in the bankruptcy case.


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