ZLOOP, Inc. (f/k/a EZ Computer Recycling, LLC) Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On May 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 ZLOOP, Inc. (f/k/a EZ Computer Recycling, LLC) and its affiliates.

The filing was assigned docket number 428 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 of the Debtors for an Order (I)(A) Approving Procedures in Connection with the Sale of Certain Property Located in Fernley, NV; (B) Scheduling the Related Auction and Hearing to Consider Approval of Sale; (C) Approving the Form and Manner of Notice Thereof; (D) Approving Break-Up Fee and Expense Reimbursement; and (E) Granting Related Relief; and (II)(A) Authorizing the Sale of Certain Real Property Free and Clear of Liens, Claims, Encumbrances, and Other Interests; and (B) Granting Related Relief Fee Amount $176 Filed by ZLOOP, Inc.. (Attachments: # (1) Exhibit A – Highlighted Provisions Pursuant to Del. Bankr. L.R. 6004-1 # (2) Exhibit B – Stalking Horse Agreement # (3) Exhibit C – Proposed Bidding Procedures Order # (4) Exhibit D – Proposed Sale Order) (Brown, Stuart)

ZLOOP, Inc. (f/k/a EZ Computer Recycling, LLC) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 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 15-11660. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to ZLOOP, Inc. (f/k/a EZ Computer Recycling, LLC) in the bankruptcy case.


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