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





On May 23, 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 Palmaz Scientific Inc. and its affiliates.

The filing was assigned docket number 237 and is described on the court’s official docket as follows:

Emergency Motion to Expedite Hearing filed by William B. Kingman for JointAdmin Debtors ABPS Management, LLC, ABPS Venture One, Ltd., Advanced Bio Prosthetic Surfaces, Ltd, Debtor Palmaz Scientific Inc. (Attachments: # 1 Proposed Order)(Kingman, William) (Related Document(s): 233 Emergency Motion For Order Under Bankruptcy Code Sections 105(a) and 363(b) Authorizing Debtors to Enter Into and Perform Under a Term Sheet filed by William B. Kingman for JointAdmin Debtors ABPS Management, LLC, ABPS Venture One, Ltd., Advanced Bio Prosthetic Surfaces, Ltd, Debtor Palmaz Scientific Inc. (Attachments: # 1 Exhibit A # 2 Proposed Order), 234 Emergency Motion to Sell Property Free and Clear of Liens 11USC,363(f) ( Filing Fee: $ 176.00 ) filed by William B. Kingman for JointAdmin Debtors ABPS Management, LLC, ABPS Venture One, Ltd., Advanced Bio Prosthetic Surfaces, Ltd, Debtor Palmaz Scientific Inc. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Proposed Order), 235 Joint Disclosure Statement filed by William B. Kingman for JointAdmin Debtors ABPS Management, LLC, ABPS Venture One, Ltd., Advanced Bio Prosthetic Surfaces, Ltd, Debtor Palmaz Scientific Inc.. (Attachments: # 1 Exhibit A))

Palmaz Scientific Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 4, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Western District of Texas . The case number for the lead bankruptcy case is 16-50552. The bankruptcy case is currently assigned to United States Bankruptcy Judge Craig Gargotta. The law firm of Norton Rose Fulbright US LLP is acting as lead bankruptcy counsel to Palmaz Scientific Inc. in the bankruptcy case.

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