ProNerve Holdings, LLC Bankruptcy New Filing Alert: Motion For Approval Of Procedures Regarding Voting On A Plan Of Reorganization Or Liquidation

On June 24, 2015, a motion for approval of procedures regarding voting on a plan of reorganization or liquidation was filed in the bankruptcy case of ProNerve Holdings, LLC and its affiliates.

The filing was assigned docket number 268 and is described on the court’s official docket as follows:

Motion to Approve Debtors’ Motion for the Entry of an Order (A) Conditionally Approving the Combined Plan and Disclosure Statement for Solicitation Purposes Only on Limited Notice (B) Establishing Procedures for Solicitation and Tabulation of Votes to Accept or Reject Plan of Liquidation, (C) Approving the Form of Ballot and Solicitation Materials, (D) Establishing Voting Record Date, (E) Fixing the Date, Time and Place for the Confirmation Hearing and the Deadline for Filing Objections Thereto, and (F) Approving Related Notice Procedures Filed by ProNerve Holdings, LLC. Hearing scheduled for 7/20/2015 at 11:00 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #5, Wilmington, Delaware. Objections due by 7/13/2015. (Attachments: # (1) Notice # (2) Exhibit 1 – Combined Plan and Disclosure Statement # (3) Exhibit 2 – Proposed Conditional Approval and Procedures Order # (4) Exhibit 3 – Ballot # (5) Exhibit 4 – Confirmation Notice) (Detweiler, Donald)

ProNerve Holdings, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 24, 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 15-10373. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of McDermott Will & Emery is acting as lead bankruptcy counsel to ProNerve Holdings, LLC in the bankruptcy case.


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