On June 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 Hydrocarb Energy Corporation and its affiliates.
The filing was assigned docket number 113 and is described on the court’s official docket as follows:
Emergency Motion to Sell Property Free and Clear of all Liens, Claims and Encumbrances and Request for an Auction Process Filed by Trustee Rodney D Tow (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C # (4) Proposed Order Approving Auction Process # (5) Proposed Order Approving Sale) (Koenig, Julie)
Hydrocarb Energy Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 13, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Texas . The case number for the lead bankruptcy case is 16-31922. The bankruptcy case is currently assigned to United States Bankruptcy Judge David Jones. The law firm of Okin & Adams LLP is acting as lead bankruptcy counsel to Hydrocarb Energy Corporation in the bankruptcy case.