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

On November 5, 2015, an order regarding 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 Universal Cooperatives, Inc. and its affiliates.

The filing was assigned docket number 1331 and is described on the court’s official docket as follows:

Order Shortening 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 Asset, (II) Authorizing the Retention of Borkers and Other Sales Agents, and (III) Waiving the Requirements of Local Bankruptcy Rules 2016-2 (Related Doc # [562], [1327], [1328]) Order Signed on 11/5/2015. (LCN)

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.


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