Parallel Energy LP Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code





On June 1, 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 Parallel Energy LP and its affiliates.

The filing was assigned docket number 303 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) /Motion for Entry of an Order Pursuant to Sections 105(a), 363(b) and 554 of the Bankruptcy Code and Bankruptcy Rule 6007 Authorizing and Approving the Debtors Selling or Alternatively, Abandoning Miscellaneous Assets, Including Low Producing Well Credit Refunds Fee Amount $176 Filed by Parallel Energy LP. Hearing scheduled for 6/27/2016 at 11:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 6/15/2016. (Attachments: # (1) Notice of Motion # (2) Exhibit A # (3) Exhibit B) (Miller, Evan)

Parallel Energy LP filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 9, 2015. 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 15-12263. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Thompson & Knight LLP is acting as lead bankruptcy counsel to Parallel Energy LP in the bankruptcy case.

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