American Spectrum Realty Inc. (Involuntary) Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On March 10, 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 American Spectrum Realty Inc. (Involuntary) and its affiliates.

The filing was assigned docket number 438 and is described on the court’s official docket as follows:

Motion to Sell Property of the Estate Free and Clear of Liens under Section 363(f) Notice Of Motion And Motion For Order: (1) Authorizing The Sale Of Real Property Free And Clear Of Liens And Interests Pursuant To 11 U.S.C. § 363(F); (2) Authorizing Payment Of Brokerage Fee And Secured Claims From The Sale Proceeds; Memorandum Of Points And Authorities; Declaration Of J. Michael Issa. Fee Amount $176, Filed by Debtor American Spectrum Realty Inc., a Maryland Corporation (Lianides, Peter) (Entered: 03/10/2016)

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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