On July 20, 2015, an order regarding 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 Coco Beach Golf & Country Club, S.E. (d/b/a The Trump International Golf Club at Coco Beach) and its affiliates.
The filing was assigned docket number 22 and is described on the court’s official docket as follows:
ORDER AND NOTICE TO CONSIDER: On July 13, 2015, the Debtor filed a Motion for Entry of Orders: (A) Approving the Asset Purchase Agreement and Sale of Certain of Debtors Assets, Pursuant to Section 363 and 365 of the Bankruptcy Code, Free and Clear of All Liens, Claims, Interests and Encumbrances, and (B) Approving the Bidding Procedures to Solicit Higher and Better Offers and Select the Successful Bidder (the Motion)(Docket No. 4). The Motion prays for the entry of the following Orders in connection with a proposed two-step process for the requested asset sale: (A) the Bidding Procedures Order that provides for the following: (i) the proposed process for the marketing and sale of the Purchased Assets which establishes procedures for the bidding process and auction for the sale (Bidding Procedures); (ii) the form of notice to parties regarding the sale (the Sale Notice); (iii) the form of notice to contract parties whose executor contracts or leases are to be assumed and assigned pursuant to the Asset Purchase Agreement and the form of notice regarding the establishment of cure amounts with respect thereto (the Cure Notice); and (iv) schedule a hearing (the Sale Hearing) for the purpose of approving the sale of the Purchased Assets inconformity with the Asset Purchase Agreement with OHorizons Global, LLC or a higher and better bidder at the auction; and (B) the Sale Order approving the sale of the Purchased Assets free and clear of liens, claims, interests and encumbrances, approving the assumption and assignment of the Debtors executor contracts and unexpired leases and granting other relief. The Debtor gave notice to the parties in interest of twenty-one (21) days, plus an additional three (3) days, for the filing of objections to the same. The due date for the filing of objections is August 6, 2015. The court hereby schedules a hearing for August 10, 2015 at 10:00am to hear any timely objection(s), and determine if the proposed Bidding Procedures Order, included as Exhibit B to the Motion should be entered. (RE: related document(s)).(ZAYAS BUJOUVEN, DARHMA)
Coco Beach Golf & Country Club, S.E. (d/b/a The Trump International Golf Club at Coco Beach) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 13, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Puerto Rico. The case number for the lead bankruptcy case is 15-05312. The bankruptcy case is currently assigned to United States Bankruptcy Judge Enrique Lamoutte Inclan . The law firm of Charles A. Cuprill, P.S.C. is acting as lead bankruptcy counsel to Coco Beach Golf & Country Club, S.E. (d/b/a The Trump International Golf Club at Coco Beach) in the bankruptcy case.