Green & Sklarz LLC has established this webpage to provide information and documents concerning the Chapter 11 case for Thornton & Co., Inc. (the “Debtor”). All information supplied herein is for noticing and information purposes only. You should consult your own lawyer concerning the information contained below
BACKGROUND OF THE CASE
On August 10, 2015, the Debtor each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Connecticut, Hartford Division. The Debtor’s cases are pending before the Honorable Ann M. Nevins under Case No. 15-21416.
DEBTOR’S MOTION TO SELL ASSETS
On November 3, 2015 the Debtor sought permission to sell substantially all of its assets to Axxom, LLC. A hearing to approve the Debtor’s proposed Bidding Procedures Motion is scheduled for 10:00 AM (eastern time) on November 13, 2015 at the United States Bankruptcy Court, 450 Main Street, 7th Floor, Hartford, Connecticut.
At the Debtor’s request, the Court established a deadline of 4:00 PM (eastern time) on November 19, 2015 for interested parties to submit Qualified Bids. At the Debtor’s request, the COurt has scheduled an Auction for 10:00 AM (eastern time) on November 23, 2015 and a Sale Confirmation Hearing for 2:00 PM (eastern time) on November 23, 2015, both to take place at the United States Bankruptcy Court, 450 Main Street, 7th Floor, Hartford, Connecticut.
YOU ARE ADVISED TO CAREFULLY REVIEW THE DOCUMENTS CONCERNING THE BIDDING PROCEDURES MOTION, SALE MOTION AND PROPOSED ASSETS SALE. All of the documents may be accessed by clicking on the links below. Should you require further information please communicate with Counsel for the Debtor, Jeffrey M. Sklarz of Green & Sklarz, LLC at jsklarz@gs-lawfirm.com or by phone at: 203-285-8545 (note, Attorney Sklarz cannot provide you with legal advice). You are further advised to contact a lawyer of your own.
The following documents related to the Bidding Procedure Motion should be consulted
- Order Scheduling Bidding Procedures Hearing
- Notice of Hearing re: Bidding Procedure Motion
- Bidding Procedure Motion
- Proposed Order Granting Bidding Procedure Motion
- Proposed Asset Sale Agreement
- Bidding Procedures
- Cash Flow Analysis
- Sale Motion
- Proposed Order to Sell Assets
The Debtor has also requested, and the Court has approved, the following scheduling order with respect to the Bidding Procedures Motion and Sale Motion:
- Said Bidding Procedures Hearing may be continued or adjourned from time to time without further notice other than an order in open court;
- Any party-in-interest objecting to the entry of an order granting the Bidding Procedures Motion shall file written objections with the Court no later than 5:00 PM (eastern time) on November 10, 2015;
- Any party-in-interest wishing to call an expert witness to testify at the Bidding Procedures Hearing shall serve a disclosure of expert witness, as may be required under the Federal Rule of Bankruptcy Procedure and/or Federal Rules of Civil Procedure, on or before 5:00 PM (eastern time) on November 10, 2015 (but the expert report shall not be provided to the Court unless otherwise ordered);
- Qualifying Bids must be submitted on or before 4:00 PM (eastern time) on November 19, 2015 – please consult the Bidding Procedures carefully so that your Bid can be considered;
- The Auction with respect to the Sale Motion will be held at 10:00 AM (eastern time) on November 23, 2015 at the United Stated Bankruptcy Court, 450 Main Street, Hartford, Connecticut;
- A hearing to approve the Sale Motion will held at 2:00 PM (eastern time) on November 23, 2015 (eastern time) (the “Sale Hearing”) and will be held at the U.S. Bankruptcy Court, 450 Main Street, 7th Floor, Hartford, Connecticut. The Sale Hearing may be continued or adjourned from time to time without further notice other than an order in open court;
- Any party-in-interest objecting to the entry of the Sale Motion shall file written objections with the Court no later than 5:00 PM on November 19, 2015;
- Any party-in-interest wishing to call an expert witness to testify at the Sale Hearing shall serve a disclosure of expert witness, as may be required under the Federal Rule of Bankruptcy Procedure and/or Federal Rules of Civil Procedure, on or before 5:00 PM on November 19, 2015 (but the expert report shall not be provided to the Court unless otherwise ordered); and
- Service of any papers required as set forth above shall be made as follows, in addition to any other service requirements of the Federal Rules of Bankruptcy Procedure, so that the same are received by CMECF, hand delivery or electronic mail on or before such date and time by: (i) Jeffrey M. Sklarz, Esq., Green & Sklarz LLC, 700 State Street, Suite 100, New Haven, CT 06511 (jsklarz@gs-lawfirm.com), counsel for the Debtor; (ii) James C. Fox, Esq., Ruberto, Israel & Weiner, P.C., 255 State Street, Boston, MA 02109 (jcf@riw.com), counsel for the Prepetition Lender; (iii) Scott D. Rosen, Esq., Cohn Birnbaum & Shea P.C., 100 Pearl Street, 12th Floor, Hartford, CT 06103 (srosen@cbshealaw.com), local counsel for the Prepetition Lender; and (iv) Eric Henzy, Esq., Reide and Riege P.C., One Financial Plaza, Hartford, CT 06103 (ehenzy@rrlawpc.com), and (v) Steven E. Mackey, Esq., Office of the United States Trustee, Giamo Federal Building, Room 302, 150 Court Street, New Haven, CT 06510.
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