American Spectrum Realty Inc. (Involuntary) Bankruptcy New Filing Alert: Order Regarding The Motion/Application For Approval Of A Settlement Pursuant To Rule 9019

On February 8, 2016, an order regarding the motion/application for approval of a settlement pursuant to rule 9019 was filed in the bankruptcy case of American Spectrum Realty Inc. (Involuntary) and its affiliates.

The filing was assigned docket number 372 and is described on the court’s official docket as follows:

Order Approving Stipulation Between Debtor And Official Committee Of Unsecured Creditors To Continue Hearing And Related Dates RE Motion For Order Approving Debtor’s Compromise Of Controversy With Petrochem Development I, LLC And Dansk ASR Investments LLC. IT IS HEREBY ORDERED that: The hearing date on the 9019 Motion shall be continued from February 23, 2016 at 9:00 a.m. to March 10, 2015 at 11:00 a.m. in Courtroom 5C, located at 411 West Fourth Street, Santa Ana, CA 92701. All responses, oppositions and replies with respect to the 9019 Motion shall be due in accordance with the applicable federal and local bankruptcy rules based on the continued hearing date. The Stipulation is approved without prejudice to further continuances of the hearing date or related deadlines, whether by Stipulation or motion of the parties. (BNC- PDF) (Related Doc # 371 ) Signed on 2/8/2016 (Bolte, Nickie) (Entered: 02/08/2016)

American Spectrum Realty Inc. (Involuntary) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 13, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Central District of California . The case number for the lead bankruptcy case is 15-10721. The bankruptcy case is currently assigned to United States Bankruptcy Judge Scott Clarkson. The law firm of Fuqua & Associates, PC  is acting as lead bankruptcy counsel to American Spectrum Realty Inc. (Involuntary) in the bankruptcy case.


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