BPZ Resources, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On July 8, 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 BPZ Resources, Inc. and its affiliates.

The filing was assigned docket number 239 and is described on the court’s official docket as follows:

Order (A) Approving The Purchase and Sale Agreement Between BPZ Resources, Inc. and Zedd Energy Holdco LTD., (B) Authorizing The Sale of the Debtor’s Assets Free and Clear of Claims, Liens, Interests and Encumbrances and (C) Granting Related Relief Signed on 7/8/2015 (Related document(s):[187] Emergency Motion) (Attachments: # (1) Exhibit # (2) Exhibit # (3) Exhibit) (aalo)

BPZ Resources, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 9, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Texas . The case number for the lead bankruptcy case is 15-60016. The bankruptcy case is currently assigned to United States Bankruptcy Judge David Jones. The law firm of Stroock & Stroock & Lavan LLP is acting as lead bankruptcy counsel to BPZ Resources, Inc. in the bankruptcy case.


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