On November 6, 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 City Sports, Inc. and its affiliates.
The filing was assigned docket number 283 and is described on the court’s official docket as follows:
Motion to Approve // Debtors’ Motion for (I) an Order (A) Establishing Bid Procedures for the Sale of Certain of the Debtors’ Nonresidential Real Property Leases, and (B) Granting Certain Related Relief and (II) an Order (A) Approving the Sale of Certain of the Debtors’ Nonresidential Real Property Leases Free and Clear of Liens, Claims, Encumbrances and Other Interests, (B) Approving Assumption and Assignment of Leases, and (C) Granting Certain Related Relief Filed by City Sports, Inc.. (Attachments: # (1) Exhibit A – Proposed Bidding Procedures Order # (2) Exhibit B – Proposed Sale Order) (Edelman, Kaitlin)
City Sports, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 5, 2015. 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 15-12054. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to City Sports, Inc. in the bankruptcy case.