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

On April 22, 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 Peabody Energy Corporation and its affiliates.

The filing was assigned docket number 243 and is described on the court’s official docket as follows:

Motion to Sell Property: / Motion of (I) Debtor Peabody Electricity, LLC, Pursuant to Sections 365(a), 365(b), 363(b), 363(f), and 363(m) of the Bankruptcy Code, for an Order (A) Authorizing it to (i) Assume an Executory Contract with and (ii) Transfer its Ownership Interest in Prairie State to Wabash Valley Power Association, Inc. Free and Clear and (B) Granting Related Relief and (II) Debtor Peabody Energy Corporation, Pursuant to Section 365 of the Bankruptcy Code, for an Order (A) Authorizing it to Assume the Marathon Contract and (B) Granting Related Relief / Free and Clear of Liens under 11 USC 363(f). Fee Amount $176,. Certificate of Service: No. Filed by Debtor Peabody Energy Corporation Hearing scheduled 5/5/2016 at 02:00 PM at Bankruptcy Courtroom 5 North. (Cousins, Steven)

Peabody 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 Eastern District of Missouri . The case number for the lead bankruptcy case is 16-42529. The bankruptcy case is currently assigned to United States Bankruptcy Judge Barry Schermer. The law firm of Jones Day LLP is acting as lead bankruptcy counsel to Peabody Energy Corporation in the bankruptcy case.


Leave a Reply