AF-Southeast, LLC Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On April 27, 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 AF-Southeast, LLC and its affiliates.

The filing was assigned docket number 50 and is described on the court’s official docket as follows:

Motion for Order Scheduling Expedited Hearing and Shortening Time for Notice of Hearing on Motion of the Debtors for (I) an Order (A) Approving Bidding Procedures; (B) Scheduling Bid Deadline, Auction Date, and Sale Hearing and Approving Notice Thereof; and (C) Approving Procedures to Fix Cure Amounts Related to Assumption and Assignment of Certain Executory Contracts and Unexpired Leases and Approving Notice Thereof; and (II) an Order Approving (A) Sale of Substantially All of the Debtors’ Assets Free and Clear of Liens, Claims, Interests and Liabilities and (B) the Assumption, Sale and Assignment to Buyer of Certain Contracts of Debtors (related document(s)48) Filed by AF-Southeast, LLC. (Attachments: #¬†1¬†Proposed Form of Order) (Bird, L. John) Modified on 4/28/2016 (SH). (Entered: 04/27/2016)

AF-Southeast, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 20, 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 16-11008. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Fox Rothschild LLP is acting as lead bankruptcy counsel to AF-Southeast, LLC in the bankruptcy case.


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