On March 13, 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 SDI Solutions LLC (f/k/a System Development Integration, Inc.) and its affiliates.
The filing was assigned docket number 13 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) – Motion of the Debtors and Debtors in Possession Pursuant to Sections 105(A), 363 and 365 of the Bankruptcy Code for an Order (I)(A) Approving Procedures in Connection with the Sale of Substantially All of the Debtors’ Assets; (B) Scheduling the Related Auction and Hearing to Consider Approval of Sale; (C) Approving Procedures Related to the Assumption of Certain Executory Contracts and Unexpired Leases; (D) Approving the Form and Manner of Notice Thereof; (E) Approving Expense Reimbursement; and (F) Granting Related Relief; and (II)(A) Authorizing the Sale of Substantially All of the Debtors’ Assets Free and Clear of Liens, Claims, Encumbrances, and Other Interests; (B) Approving the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases Related Thereto; and (C) Granting Related Relief Fee Amount $176 Filed by SDI Solutions LLC. (Attachments: # 1Exhibit A – Bid Procedures Order # 2 Exhibit B – Stalking Horse APA # 3 Exhibit C – Sale Order) (Brown, Stuart) (Entered: 03/13/2016)
SDI Solutions LLC (f/k/a System Development Integration, Inc.) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 13, 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 16-10627. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to SDI Solutions LLC (f/k/a System Development Integration, Inc.) in the bankruptcy case.