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

On July 17, 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 Gulf Packaging, Inc. and its affiliates.

The filing was assigned docket number 177 and is described on the court’s official docket as follows:

Notice of Motion and Motion to Sell Property Free and Clear of Liens 363(f) – Certain Inventory Assets. and Shorten Notice Fee Amount $176,, Notice of Motion and Motion to Limit Notice Filed by Joseph D Frank on behalf of Gulf Packaging, Inc.. Hearing scheduled for 7/28/2015 at 10:00 AM at 219 South Dearborn, Courtroom 644, Chicago, Illinois 60604. (Attachments: # (1) Exhibit A – Proposed Order # (2) Exhibit B – Asset Purchase Agreement # (3) Exhibit C – Purchase Price Breakdown # (4) proposed Order Authorizing Sale of Certain Inventory Assets # (5) proposed Order Reducing and Limiting Notice) (Frank, Joseph)

Gulf Packaging, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 29, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Illinois . The case number for the lead bankruptcy case is 15-15249. The bankruptcy case is currently assigned to United States Bankruptcy Judge Pamela Hollis . The law firm of Gray Reed & McGraw, P.C. is acting as lead bankruptcy counsel to Gulf Packaging, Inc. in the bankruptcy case.


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