Family Christian, LLC  Bankruptcy New Filing Alert: Response To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 4, 2015, a response to 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 Family Christian, LLC  and its affiliates.

The filing was assigned docket number 835 and is described on the court’s official docket as follows:

Brief Amended Statement of FC Special Funding, LLC in Support of Going Concern Bid of FCS Acquisition, LLC, Solely with Respect to the Purchase of Working Capital Collateral that Debtors Seek Approval to Sell (RE: related document(s)487 Motion to Sell Substantially all of the Debtors’ Assets Free and Clear of Liens and for an Order Approving Bidding Procedures. Fee Amount $176,, 764 Scheduling Order) (Attachments: # 1 Exhibit A – Intercreditor Agreement # 2 Exhibit B – Gordon Bros Agency Agreement # 3 Exhibit C – FCS Asset Purchase Agreement # 4 Exhibit D – FC Asset Purchase and Settlement Agreement # 5 Exhibit E – Commitment Letter) Filed by Creditor FC Special Funding, LLC (Lepene, Scott) (Entered: 06/04/2015)

Family Christian, LLC  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 11, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Western District of Michigan . The case number for the lead bankruptcy case is 15-00643. The bankruptcy case is currently assigned to United States Bankruptcy Judge John Gregg . The law firm of Burr & Forman LLP is acting as lead bankruptcy counsel to Family Christian, LLC  in the bankruptcy case.


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