On December 17, 2015, a stipulation 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 Hovensa L.L.C. and its affiliates.
The filing was assigned docket number 463 and is described on the court’s official docket as follows:
Stipulation By Hovensa L.L.C. and the Official Committee of Unsecured Creditors, PDVSA V.I., Inc. (PDV-VI), Hess Oil Virgin Islands Corp. (HOVIC) and the Government of the Virgin Islands/ Notice of Filing of Stipulation Further Extending “Outer Date” in Sale Order . Filed by Debtor Hovensa L.L.C.. (Marinuzzi, Lorenzo)
Hovensa L.L.C. 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 District of Virgin Islands. The case number for the lead bankruptcy case is 15-10003. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Morrison & Foerster LLP is acting as lead bankruptcy counsel to Hovensa L.L.C. in the bankruptcy case.