On October 5, 2015, an objection 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 Hovensa L.L.C. and its affiliates.
The filing was assigned docket number 137 and is described on the court’s official docket as follows:
Objection ACTING UNITED STATES TRUSTEE’S LIMITED OBJECTION TO DEBTOR’S MOTION FOR ENTRY OF ORDERS (A)(i) ESTABLISHING BIDDING PROCEDURES RELATING TO THE SALE OF THE DEBTOR’S ASSETS, INCLUDING APPROVING BREAK-UP FEE AND EXPENSE REIMBURSEMENT, (ii) ESTABLISHING PROCEDURES RELATING TO THE ASSUMPTION AND ASSIGNMENT OF CERTAIN EXECUTORY CONTRACTS AND UNEXPIRED LEASES, INCLUDING NOTICE OF PROPOSED CURE AMOUNTS, (iii) APPROVING FORM AND MANNER OF NOTICE RELATING THERETO, AND (iv) SCHEDULING A HEARING TO CONSIDER THE PROPOSED SALE; (B)(i) APPROVING THE SALE OF THE DEBTOR’S ASSETS FREE AND CLEAR OF ALL LIENS, CLAIMS, ENCUMBRANCES, AND INTERESTS, AND (ii) AUTHORIZING THE ASSUMPTION AND ASSIGNMENT OF CERTAIN EXECUTORY CONTRACTS AND UNEXPIRED LEASES; AND (C) GRANTING RELATED RELIEF Regarding the Hearing on 10/08/15. Filed by U.S. Trustee Guy G. Gebhardt (Ochs, Martin)
Hovensa L.L.C. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 15, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Virgin Islands. The case number for the lead bankruptcy case is 15-10003. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Morrison & Foerster LLP is acting as lead bankruptcy counsel to Hovensa L.L.C. in the bankruptcy case.