New Gulf Resources, LLC Bankruptcy New Filing Alert: Motion For Appoval Of Claims Trading Procedures

On December 17, 2015, a motion for appoval of claims trading procedures was filed in the bankruptcy case of New Gulf Resources, LLC and its affiliates.

The filing was assigned docket number 9 and is described on the court’s official docket as follows:

Motion Regarding Chapter 11 First Day Motions // Debtors’ Motion for the Entry of Interim and Final Orders (I) Establishing Procedures for Transfers of Equity Securities; (II) Establishing Procedures for Claiming Worthless Stock Deduction; (III) Establishing an Effective Date for Notice and Sell Down Procedures for Transfers of Claims Against the Debtors Estates; and (IV) Granting Related Relief Filed By New Gulf Resources, LLC (Cleary, M. Blake) (Entered: 12/17/2015)

New Gulf Resources, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 17, 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 15-12566. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Baker Botts LLP is acting as lead bankruptcy counsel to New Gulf Resources, LLC in the bankruptcy case.


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