Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) Bankruptcy New Filing Alert: Affidavit Or Declaration Regarding Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On January 12, 2016, an affidavit or declaration regarding motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) and its affiliates.

The filing was assigned docket number 476 and is described on the court’s official docket as follows:

Declaration of Jorge A. Rivera of Banco Popular de Puerto Rico in Support of Debtors’ Motion for Order Authorizing and Approving the Sale of Certain Real Estate Assets Free and Clear of Liens (related document(s)[400]) filed by Mark S. Chehi on behalf of Banco Popular de Puerto Rico. (Chehi, Mark)

Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 11, 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 15-10573. The bankruptcy case is currently assigned to United States Bankruptcy Judge Shelley Chapman. The law firm of Ropes & Gray LLP is acting as lead bankruptcy counsel to Doral Financial Corporation (d/b/a Doral Financial Puerto Rico Corporation) in the bankruptcy case.

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