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 5, 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 168 and is described on the court’s official docket as follows:

Motion Debtors Notice Of Motion And Motion For Order (1) Approving Bidding Procedures, Break-Up Fee And Expense Reimbursement In Connection With Proposed Sale Of Substantially All Assets Of The Estate; (2) Scheduling An Auction, Sale Hearing, And Certain Deadlines Related To Sale Of Substantially All Assets; And (3) Approving Form Of Notice Of Sale; Memorandum Of Points And Authorities; Declaration Of Kenneth S. Cragun In Support Thereof Filed by Debtor Local Corporation, a Delaware corporation (Hollander, Garrick) (Entered: 10/05/2015)

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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