Stonebridge Financial Corp. 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 9, 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 Stonebridge Financial Corp. and its affiliates.

The filing was assigned docket number 93 and is described on the court’s official docket as follows:

Order Under 11 USC 105(a) and 363 and Fed. R. Bankr. P. 2002 and 6004 and 9014 Authorizing Sale of Substantially all of the Debtor’s Assets Free and Clear of Liens, Claims, Encumbrances, and Other Interests and Granting Related Relief (Related Doc # 40) (P., Paul) (Entered: 11/09/2015)

Stonebridge Financial Corp. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 18, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of Pennslyvania . The case number for the lead bankruptcy case is 15-14353. The bankruptcy case is currently assigned to United States Bankruptcy Judge Eric Frank. The law firm of Drinker Biddle & Reath LLP is acting as lead bankruptcy counsel to Stonebridge Financial Corp. in the bankruptcy case.


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