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 June 10, 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 1915 and is described on the court’s official docket as follows:

Motion For Sale of Property under Section 363(b) / Debtors’ Motion for Order, Under Bankruptcy Code Sections 105, 363 and 365, Bankruptcy Rules 2002, 6004, 6006 and 9007, and Local Bankruptcy Rule 6004-1, Approving Sale of Certain Assets of GT Sapphire Systems Group LLC to Thermal Technology, LLC Free and Clear of Liens, Claims, Encumbrances, and Interests Filed by Debtor GT Advanced Technologies, Inc. Hearing scheduled for 6/24/2015 at 02:00 PM at Berkshire Courtroom, United States Courthouse, 300 State Street, 3rd Floor, Springfield, MA. (Attachments: # 1 Proposed Order # 2 Exhibit B (Declaration) # 3 Exhibit C (SSG Lease Amendment) # 4 Notice of Hearing) (Bongartz, G.) (Entered: 06/10/2015)

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.


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