Mississippi Phosphates Corporation Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 22, 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 Mississippi Phosphates Corporation and its affiliates.

The filing was assigned docket number 819 and is described on the court’s official docket as follows:

Motion of Debtors, pursuant to Bankruptcy Code Sections 105(a), 363, 365, 503, and 507, and Bankruptcy Rules 2002, 3007, 6004, 6006, 9007, and 9014 for Entry of: (I) Amended Order (A) Approving the Amended Sales and Bidding Procedures in Connection with Sale of Assets of the Debtors, (B) Approving Form and Manner of Notice, (C) Scheduling Auction and Sale Hearing, (D) Authorizing Procedures Governing Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, and (E) Granting Related Relief; and (II) Amended Order (A) Approving Purchase Agreement, (B) Authorizing Sale Free and Clear of All Liens, Claims, Encumbrances, and Other Interests, and (C) Granting Related Relief Filed by Debtor Mississippi Phosphates Corporation (Rosenblatt, Stephen)

Mississippi Phosphates Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 27, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Mississippi . The case number for the lead bankruptcy case is 14-51667. The bankruptcy case is currently assigned to United States Bankruptcy Judge Katherine Samson. The law firm of Butler Snow LLP is acting as lead bankruptcy counsel to Mississippi Phosphates Corporation in the bankruptcy case.


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