Balmoral Racing Club, Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On November 25, 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 Balmoral Racing Club, Inc. and its affiliates.

The filing was assigned docket number 345 and is described on the court’s official docket as follows:

Notice of Motion and Motion to Approve the Sale Process and Bidding Procedures with Respect to the Sale of Substantially All of the Assets of Their Estates, Notice of Motion and Motion to Authorize Debtors to Scheduling a Public Auction and Authorizing the Sale of the Assets of the Debtors Free and Clear of Liens, Claims, Encumbrances and Interests; and the Assumption and Assignment of Executory Contracts and Unexpired Leases Filed by Nathan Q. Rugg on behalf of Balmoral Racing Club, Inc.. Hearing scheduled for 12/1/2015 at 09:30 AM at 219 South Dearborn, Courtroom 619, Chicago, Illinois 60604. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C # (4) Proposed Order) (Rugg, Nathan)

Balmoral Racing Club, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 24, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Illinois . The case number for the lead bankruptcy case is 14-45711. The bankruptcy case is currently assigned to United States Bankruptcy Judge Donald Cassling. The law firm of Adelman & Gettleman, Ltd. is acting as lead bankruptcy counsel to Balmoral Racing Club, Inc. in the bankruptcy case.


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