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

On October 30, 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 DRD Technologies, Inc. and its affiliates.

The filing was assigned docket number 157 and is described on the court’s official docket as follows:

Motion for Orders (I)(A) Approving Bidding Procedures, (B) Approving Form of Sale Notice and Assumption/Cure Notice, (C) Approving Procedures for Assumption and Assignment of Contracts and Leases, (D) Authorizing the Debtor to Designate a Stalking Horse and Provide Bid Protections, and (E) Setting a Date for the Sale Hearing, and (II) Authorizing and Approving (A) the Sale of the Debtor’s Assets, and (B) the Assumption and Assignment of Certain Contracts and Leases Filed by Debtor DRD Technologies, Inc. (Attachments: # (1) Supplement Creditor Matrix # (2) Exhibit A # (3) Exhibit I to Exhibit A # (4) Exhibit II to Exhibit A # (5) Exhibit III to Exhibit A) (Maples, Stuart)

DRD Technologies, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 19, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Alabama . The case number for the lead bankruptcy case is 15-81366. The bankruptcy case is currently assigned to United States Bankruptcy Judge Clifton Jessup Jr.. The law firm of Maples Law Firm, PC is acting as lead bankruptcy counsel to DRD Technologies, Inc. in the bankruptcy case.


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