On October 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 City Sports, Inc. and its affiliates.
The filing was assigned docket number 28 and is described on the court’s official docket as follows:
Motion For Sale of Property Free and Clear of Liens under Section 363(f)(FEE) – Debtors’ Motion for (I) An Order (A) Establishing Bidding Procedures Relating to the Sale of the Debtors’ Assets, (B) Scheduling a Hearing to Consider the Proposed Sale and Approving the Form and Manner of Notice Thereof, (C) Establishing Procedures Relating to the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, and (E) Granting Certain Related Relief and (II) An Order (A) Approving the Proposed Sale, (B) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, and (C) Granting Certain Related Relief Fee Amount $176 Filed by City Sports, Inc.. (Attachments: # (1) Exhibit A – Bid Procedures Order # (2) Exhibit B – Form of Sale Notice # (3) Exhibit C – Form of Cure Notice) (Edelman, Kaitlin)
City Sports, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 5, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-12054. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to City Sports, Inc. in the bankruptcy case.