Draw Another Circle, LLC (d/b/a Hastings & MovieStop) Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 13, 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 Draw Another Circle, LLC (d/b/a Hastings & MovieStop) and its affiliates.

The filing was assigned docket number 14 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’ Emergency Motion for Interim and Final Orders (I) Authorizing the Continuation of Store Closing Sales in Accordance with the Store Closing Agreement and Sale Guidelines, with Such Sales to be Free and Clear of All Liens, Claims, and Encumbrances; (II) Authorizing the Assumption of the Store Closing Agreement; and (III) Granting Related Relief Fee Amount $176 Filed by Draw Another Circle, LLC. (Samis, Christopher)

Draw Another Circle, LLC (d/b/a Hastings & MovieStop) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 13, 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 16-11452. The bankruptcy case is currently assigned to United States Bankruptcy Judge Judge Not Yet Assigned. The law firm of Cooley Godward Kronish LLP is acting as lead bankruptcy counsel to Draw Another Circle, LLC (d/b/a Hastings & MovieStop) in the bankruptcy case.


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