Appvion filed with the U.S. Bankruptcy Court a notice of sale procedures, auction date and a sale hearing.
The notice states, “The Debtors seek, among other things, to sell certain of their tangible and intangible assets (the ‘Purchased Assets’) to the successful bidder, at an auction free and clear of all liens, claims, encumbrances and other interests.”
In addition, “Pursuant to the terms of the Bidding Procedures, an auction to sell the Purchased Assets will be conducted on April 23, 2018, starting at 10:00 a.m. (prevailing Eastern Time), the ‘Auction Date’…. A hearing will be held to approve the sale of the Purchased Assets to the Successful Bidder, the ‘Sale Hearing’…on April 26, 2018 at 2:00 p.m. (prevailing Eastern Time). Objections to the Sale shall be filed and served so as to be received no later than 4:00 p.m. (prevailing Eastern Time) on April 19, 2018.”
Read more Appvion bankruptcy news.