On March 11, 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 Hancock Fabrics, Inc. (2016) and its affiliates.
The filing was assigned docket number 324 and is described on the court’s official docket as follows:
Motion For Sale of Property Free and Clear of Liens under Section 363(f)(FEE) // Debtors’ Motion for Order (I) Authorizing and Approving Assumption of Prepetition Consulting Agreement with Respect to Crystal Lake Store, (II) Authorizing and Approving Store Closing Sale Free and Clear of All Liens, Claims, Encumbrances, and Other Interests, Nunc Pro Tunc to Petition Date and (III) Granting Related Relief Fee Amount $176 Filed by Hancock Fabrics, Inc.. Hearing scheduled for 4/21/2016 at 11:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 3/28/2016. (Attachments: # (1) Notice # (2) Exhibit A) (Biblo, Rachel)
Hancock Fabrics, Inc. (2016) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 2, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 16-10296. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of O’Melveny & Myers LLP is acting as lead bankruptcy counsel to Hancock Fabrics, Inc. (2016) in the bankruptcy case.