Walter Energy, 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 Walter Energy, Inc. and its affiliates.

The filing was assigned docket number 995 and is described on the court’s official docket as follows:

Order Granting Motion to Expedite Hearing (Related Doc # [994]) Signed on 11/5/2015. Hearing to be held on 11/24/2015 at 10:00 AM Courtroom 3 (TOM) Birmingham for [993] Debtors Motion for (A) an Order (I) Establishing Bidding Procedures for the Sale(s) of All, or Substantially All, of the Debtors Assets; (II) Approving Bid Protections; (III) Establishing Procedures Relating to the Assumption and Assignment of Executory Contracts and Unexpired Leases; (IV) Approving Form and Manner of the Sale, Cure and Other Notices; and (V) Scheduling an Auction and a Hearing to Consider the Approval of the Sale(s); (B) Order(s) (I) Approving the Sale(s) of the Debtors Assets Free and Clear of Claims, Liens and Encumbrances; and (II) Approving the Assumption and Assignment of Executory Contracts and Unexpired Leases; and (C) Certain Related Relief (klt)

Walter Energy, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 15, 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 15-02741. The bankruptcy case is currently assigned to United States Bankruptcy Judge Tamara Mitchell. The law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as lead bankruptcy counsel to Walter Energy, Inc. in the bankruptcy case.


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