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

On February 3, 2016, 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 Axion International, Inc. and its affiliates.

The filing was assigned docket number 153 and is described on the court’s official docket as follows:

Motion to Approve /Debtors Amended Motion for Orders (I)(A) Authorizing and Approving the Bidding Procedures, (B) Approving Certain Notice Procedures, (C) Approving Credit Bid Rights, and (D) Setting a Date for the Sale Hearing; and (II) Authorizing and Approving (A) The Sale of the Debtors Assets, and (B) The Assumption and Assignment of Certain Contracts and Leases Filed by Axion International, Inc.. Hearing scheduled for 2/24/2016 at 10:00 AM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #6, Wilmington, Delaware. Objections due by 2/17/2016. (Attachments: # (1) Notice of Motion # (2) Exhibit A # (3) Exhibit B) (Cousins, Scott)

Axion International, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 2, 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 15-12415. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Bayard, P.A. is acting as lead bankruptcy counsel to Axion International, Inc. in the bankruptcy case.


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