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

On November 4, 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 Universal Cooperatives, Inc. and its affiliates.

The filing was assigned docket number 1328 and is described on the court’s official docket as follows:

Motion to Shorten Objection Period Applicable to Residual Asset Procedures Set Forth in Order (I) Authorizing and Approving Procedures to Sell, Lease or Otherwise Dispose of Certain Residual Assets, (II) Authorizing the Retention of Brokers and Other Sales Agents, and (III) Waiving the Requirements of Local Bankruptcy Rule 2016-2 (related document(s)[562], [1327]) Filed by Universal Cooperatives, Inc.. Hearing scheduled for 11/9/2015 at 02:00 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 11/9/2015. (Attachments: # (1) Exhibit A (Proposed Order)) (Magaziner, Andrew)

Universal Cooperatives, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 11, 2014. 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 14-11187. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Foley & Lardner LLP is acting as lead bankruptcy counsel to Universal Cooperatives, Inc. in the bankruptcy case.


Leave a Reply