Vann’s Inc. Bankruptcy New Filing Alert: Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On July 17, 2015, an motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Vann’s Inc. and its affiliates.

The filing was assigned docket number 831 and is described on the court’s official docket as follows:

Application by Trustee for Authority to Disburse Funds to ESOP Plan Participants; Filed by Trustee RICHARD J. SAMSON. Objection Due by 8/7/2015. (Attachments: # (1) Exhibit A – Sample Letter to Plan Participants # (2) Exhibit B – Sample Benefit Statement to Plan Participants # (3) Exhibit C – Special Tax Notice to Plan Participants # (4) Exhibit D – Plan Participant Election Form) (SAMSON, RICHARD)

Vann’s Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 5, 2012. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Montana. The case number for the lead bankruptcy case is 12-61281. The bankruptcy case is currently assigned to United States Bankruptcy Judge Whitney Rimel. The law firm of Perkins Coie LLP is acting as lead bankruptcy counsel to Vann’s Inc. in the bankruptcy case.


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