Hovensa L.L.C. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On November 5, 2015, an objection to 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 Hovensa L.L.C. and its affiliates.

The filing was assigned docket number 297 and is described on the court’s official docket as follows:

Objection and Reservation of Rights of the Official Committee of Unsecured Creditors to Debtors Motion for Entry of an Order (I) Approving the Sale of the Debtors Assets Free and Clear of All Liens, Claims, Encumbrances, and Interests, and (II) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases Filed by Creditor Committee Official Committee of Unsecured Creditors (RE: related document(s)[243] Notice of Hearing). (Eckard, Mark)

Hovensa L.L.C. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 15, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Virgin Islands. The case number for the lead bankruptcy case is 15-10003. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Morrison & Foerster LLP is acting as lead bankruptcy counsel to Hovensa L.L.C. in the bankruptcy case.


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