Stonebridge Financial Corp. 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 August 24, 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 Stonebridge Financial Corp. and its affiliates.

The filing was assigned docket number 65 and is described on the court’s official docket as follows:

Order Approving (I) Bid and Sales Procedures; (II) Form and Manner of the Notice of Sale of Stonebridge Bank; and (III) Scheduling an Auction and Sale Hearing (Related Doc # 40) (P., Paul) (Entered: 08/24/2015)

Stonebridge Financial Corp. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 18, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of Pennslyvania . The case number for the lead bankruptcy case is 15-14353. The bankruptcy case is currently assigned to United States Bankruptcy Judge Eric Frank. The law firm of Drinker Biddle & Reath LLP is acting as lead bankruptcy counsel to Stonebridge Financial Corp. in the bankruptcy case.


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