Local Corporation (d/b/a Local.Com Corp.) Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On October 23, 2015, 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 Local Corporation (d/b/a Local.Com Corp.) and its affiliates.

The filing was assigned docket number 212 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) Debtors Motion For Order (1) Approving The Sale Of Substantially All Assets Of The Estate Free And Clear Of Liens, Claims And Interests Pursuant To 11 U.S.C. § 363; (2) Authorizing The Assumption And Assignment Of Certain Executory Contracts; And (3) Authorizing The Rejection Of The Debtors Interests, If Any, In Certain Executory Contracts; Memorandum Of Points And Authorities; Declarations Of Kenneth S. Cragun And David Siemer In Support Thereof. Fee Amount $176, Filed by Debtor Local Corporation, a Delaware corporation (Hollander, Garrick) (Entered: 10/23/2015)

Local Corporation (d/b/a Local.Com Corp.) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 23, 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 15-13153. The bankruptcy case is currently assigned to United States Bankruptcy Judge Scott Clarkson. The law firm of Winthrop Couchot P.C. is acting as lead bankruptcy counsel to Local Corporation (d/b/a Local.Com Corp.) in the bankruptcy case.


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