Outer Harbor Terminal, LLC (a/k/a Ports America Outer Terminal, LLC) Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code





On March 2, 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 Outer Harbor Terminal, LLC (a/k/a Ports America Outer Terminal, LLC) and its affiliates.

The filing was assigned docket number 136 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) // Debtor’s Motion For an Order (I) Authorizing (A) Sale at Public Auctions of Certain Equipment and Miscellaneous Property Free and Clear of All Liens, Claims, Encumbrances and Interests, and (B) Entry Into Auction Contract With Ritchie Brothers Auctioneers (America) Inc., (II) Approving Procedures for the Assumption and Assignment of Unexpired Leases of Personal Property and Executory Contracts, and (III) Granting Certain Related Relief Fee Amount $176 Filed by Outer Harbor Terminal, LLC. Hearing scheduled for 3/16/2016 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #2, Wilmington, Delaware. Objections due by 3/14/2016. (Attachments: # (1) Notice # (2) Exhibit A # (3) Exhibit B # (4) Exhibit C) (Dean, Andrew)

Outer Harbor Terminal, LLC (a/k/a Ports America Outer Terminal, LLC) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 1, 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 16-10283. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurie Selber Silverstein. The law firm of Milbank, Tweed, Hadley & McCloy LLP is acting as lead bankruptcy counsel to Outer Harbor Terminal, LLC (a/k/a Ports America Outer Terminal, LLC) in the bankruptcy case.

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