Filmed Entertainment Inc. (a/k/a BMG Coumbia House; Bertelsmann Direct North America, Inc.; Direct Group North America, Inc.; Direct Brands, Inc.) Bankruptcy New Filing Alert: Objection To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code





On November 24, 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 Filmed Entertainment Inc. (a/k/a BMG Coumbia House; Bertelsmann Direct North America, Inc.; Direct Group North America, Inc.; Direct Brands, Inc.) and its affiliates.

The filing was assigned docket number 152 and is described on the court’s official docket as follows:

Objection to Motion for Entry of: (I) an Order (A) Approving Bidding Procedures for the Sale of Substantially All of the Debtor’s Assets, (B) Scheduling an Auction and a Sale Hearing Related Thereto, and (C) Approving the Form of Notice of the Auction and Sale Hearing; and (II) an Order (A) Approving Such Sale Free and Clear of Liens, Claims, Encumbrances and Other Interests, (B) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases in Connection With the Sale, and (C) Granting Related Relief (related document(s)[80]) filed by Samuel Jason Teele on behalf of Official Committee Of Unsecured Creditors. (Teele, Samuel)

Filmed Entertainment Inc. (a/k/a BMG Coumbia House; Bertelsmann Direct North America, Inc.; Direct Group North America, Inc.; Direct Brands, Inc.) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 10, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 15-12244. The bankruptcy case is currently assigned to United States Bankruptcy Judge Shelley Chapman. The law firm of Griffin Hamersky P.C. is acting as lead bankruptcy counsel to Filmed Entertainment Inc. (a/k/a BMG Coumbia House; Bertelsmann Direct North America, Inc.; Direct Group North America, Inc.; Direct Brands, Inc.) in the bankruptcy case.

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