Jumio Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On March 21, 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 Jumio Inc. and its affiliates.

The filing was assigned docket number 15 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) Debtors Motion for Entry of Orders (A)(I) Approving Bid Procedures Relating to Sale of Substantially All of the Debtors Assets; (II) Approving Certain Bid Protections; (III) Scheduling a Hearing to Consider the Sale; (IV) Approving the Form and Manner of Notice of Sale by Auction; (V) Establishing Notice and Contract Procedures for the Assumption and Assignment of Contracts and Leases; and (VI) Granting Related Relief; and (B)(I) Approving Asset Purchase Agreement and Authorizing the Sale of Certain Assets of Debtor Outside the Ordinary Course of Business; (II) Authorizing the Sale of Assets Free and Clear of All Liens, Claims, Encumbrances and Interests; (III) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (IV) Granting Related Relief Fee Amount $176 Filed by Jumio Inc.. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C) (Mumford, Kerri) (Entered: 03/21/2016)

Jumio Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 21, 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 16-10682. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Landis Rath & Cobb LLP is acting as lead bankruptcy counsel to Jumio Inc. in the bankruptcy case.


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