Hepar BioScience LLC Bankruptcy New Filing Alert: Order Regarding The Motion For An Extension Of The Debtors’ Exclusive Periods To File And Solicit Votes On A Plan Of Reorganization Or Liquidation

On July 16, 2015, an order regarding the motion for an extension of the debtors’ exclusive periods to file and solicit votes on a plan of reorganization or liquidation was filed in the bankruptcy case of Hepar BioScience LLC and its affiliates.

The filing was assigned docket number 199 and is described on the court’s official docket as follows:

Hearing Minutes and ORDER Re: (related document(s)161 Motion to Extend/Limit Exclusivity Period filed by Debtor Hepar BioScience LLC). APPEARANCES (telephonic): Clair R. Gerry for Debtor, Roger W. Damgaard and G. Mark Rice for Northwest Bank, John C. Quaintance and James L. Baillie for Mary Ellen Nylen, and Assistant U.S. Trustee James L. Snyder. DISPOSITION: Based on the findings and conclusions entered on the record; now, therefore, IT IS HEREBY ORDERED Debtor’s motion is granted to the extent provided herein, and the period within which only Debtor may file a plan is extended to September 18, 2015. SO ORDERED: /s/ Charles L. Nail, Jr., Bankruptcy Judge. (nsar) (Entered: 07/16/2015)

Hepar BioScience LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 20, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of South Dakota. The case number for the lead bankruptcy case is 15-40057. The bankruptcy case is currently assigned to United States Bankruptcy Judge Charles Nail Jr.. The law firm of Gerry & Kulm Ask, Prof. LLC is acting as lead bankruptcy counsel to Hepar BioScience LLC in the bankruptcy case.


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