GMI USA Management, Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On December 16, 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 GMI USA Management, Inc. and its affiliates.

The filing was assigned docket number 181 and is described on the court’s official docket as follows:

Motion to Sell Property Free and Clear of Liens Under Section 363(f) Motion to Sell Equity Interests in Bulk Panamax Pool Ltd. and Assume and Assign Related Commercial Managment Contract filed by John P. Melko on behalf of GMI USA Management, Inc.. (Attachments: # (1) Exhibit A – Proposed Order # (2) Exhibit B – Pooling Agreement # (3) Exhibit C – Offer Letter # (4) Exhibit D – Commercial Management Contract) (Melko, John)

GMI USA Management, Inc. 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 Southern District of New York . The case number for the lead bankruptcy case is 15-12552. The bankruptcy case is currently assigned to United States Bankruptcy Judge Stuart Bernstein. The law firm of Gardere Wynne Sewell LLP is acting as lead bankruptcy counsel to GMI USA Management, Inc. in the bankruptcy case.


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