Universal Cooperatives, Inc. Bankruptcy New Filing Alert: Motion For Authority To Abandon Assets Of The Debtor’S Estate

On October 30, 2015, a motion for authority to abandon assets of the debtor’s estate was filed in the bankruptcy case of Universal Cooperatives, Inc. and its affiliates.

The filing was assigned docket number 1317 and is described on the court’s official docket as follows:

Motion to Authorize // Debtors’ Motion for Entry of an Order (A) Authorizing Abandonment of Real Property Located in Napoleon, Ohio, Nunc Pro Tunc to October 30, 2015, and (B) Approving Modified Notice Procedures Relating Thereto Filed by Universal Cooperatives, Inc.. (Attachments: # (1) Notice of Motion # (2) Exhibit A (Proposed Order)) (Buchanan, Travis)

Universal Cooperatives, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 11, 2014. 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 14-11187. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Foley & Lardner LLP is acting as lead bankruptcy counsel to Universal Cooperatives, Inc. in the bankruptcy case.


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