Federation Employment and Guidance Service, Inc. (d/b/a FEGS) Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code





On April 19, 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 Federation Employment and Guidance Service, Inc. (d/b/a FEGS) and its affiliates.

The filing was assigned docket number 657 and is described on the court’s official docket as follows:

Motion for Sale of Property under Sec. 363(b) DEBTOR’S MOTION FOR ENTRY OF (I) AN ORDER (A) APPROVING BIDDING PROCEDURES FOR THE SALE OF THE DEBTOR’S MEMBERSHIP INTEREST IN FEGS HOME ATTENDANT SERVICES, INC., (B) SCHEDULING AN AUCTION AND A SALE HEARING RELATED THERETO, (C) APPROVING THE FORM OF NOTICE OF THE AUCTION AND SALE HEARING, (D) APPROVING A BREAKUP FEE AND EXPENSE REIMBURSEMENT; AND (II) AN ORDER (A) APPROVING SUCH SALE OF THE MEMBERSHIP INTEREST FREE AND CLEAR OF LIENS, CLAIMS, ENCUMBRANCES AND OTHER INTERESTS, AND (B) GRANTING RELATED RELIEF Filed by Burton S Weston on behalf of Federation Employment and Guidance Service, Inc.. Hearing scheduled for 5/10/2016 at 10:00 AM at Courtroom 860 (Judge Grossman), CI, NY. (Attachments: # (1) Exhibit A: Proposed Bid Procedures Order # (2) Exhibit B: Purchase Agreement # (3) Exhibit C: Management Agreement # (4) Notice of Motion) (Weston, Burton)

Federation Employment and Guidance Service, Inc. (d/b/a FEGS) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 18, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of New York . The case number for the lead bankruptcy case is 15-71074. The bankruptcy case is currently assigned to United States Bankruptcy Judge Robert Grossman. The law firm of Garfunkel Wild, P.C. is acting as lead bankruptcy counsel to Federation Employment and Guidance Service, Inc. (d/b/a FEGS) in the bankruptcy case.

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