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

On January 26, 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 BPZ Resources, Inc. and its affiliates.

The filing was assigned docket number 422 and is described on the court’s official docket as follows:

Motion Agreed Emergency Motion of the Liquidating Trustee and Zorritos Peru Holdings, Inc. to (I) Implement the Sale Motion, (II) Return the SMC Deposit to Zorritos Peru Holdings, Inc., and (III) Grant Related Relief Filed by Creditor Zorritos Peru Holdings Inc. (Attachments: # (1) Certificate of Service # (2) Proposed Order) (Beckham, Charles)

BPZ Resources, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 9, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Texas . The case number for the lead bankruptcy case is 15-60016. The bankruptcy case is currently assigned to United States Bankruptcy Judge David Jones. The law firm of Stroock & Stroock & Lavan LLP is acting as lead bankruptcy counsel to BPZ Resources, Inc. in the bankruptcy case.


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