GT Advanced Technologies Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On July 6, 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 GT Advanced Technologies Inc. and its affiliates.

The filing was assigned docket number 1998 and is described on the court’s official docket as follows:

Motion / Debtors’ Renewed Motion for Order, Pursuant to Bankruptcy Code Sections 105, 362, 363, and 553 and Bankruptcy Rule 6004, Authorizing Certain Debtors to Enter Into Intercompany Agreement Related to Sale of ASF Furnaces Filed by Debtor GT Advanced Technologies, Inc. (Attachments: # 1 Proposed Order # 2 Exhibit B (Term Sheet) # 3 Exhibit C (ASF License Agreement) # 4 Exhibit D (Cost Sharing Agreement) # 5 Exhibit E (Poly/DSS License Agreement) # 6 Exhibit F (2010 Services Agreement) # 7 Exhibit G (2011 Services Agreement)) (Bongartz, G.) (Entered: 07/06/2015)

GT Advanced Technologies Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 6, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Hampshire. The case number for the lead bankruptcy case is 14-11916. The bankruptcy case is currently assigned to United States Bankruptcy Judge Henry Boroff. The law firm of Paul Hastings LLP is acting as lead bankruptcy counsel to GT Advanced Technologies Inc. in the bankruptcy case.


Leave a Reply