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This document is a motion submitted in the United States District Court for the Northern District of Illinois regarding the approval of a stalking horse bidder and a revised sale agreement for a property
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How to fill out motion for entry of
How to fill out MOTION FOR ENTRY OF AN ORDER APPROVING (A) STALKING HORSE BIDDER, (B) REVISED SALE AGREEMENT, AND (C) BID PROTECTIONS
01
Open the necessary legal form for the MOTION FOR ENTRY OF AN ORDER APPROVING (A) STALKING HORSE BIDDER, (B) REVISED SALE AGREEMENT, AND (C) BID PROTECTIONS.
02
Fill in the case caption at the top of the document with the court name, case number, and names of the parties involved.
03
Include a heading for the motion clearly stating 'MOTION FOR ENTRY OF AN ORDER APPROVING (A) STALKING HORSE BIDDER, (B) REVISED SALE AGREEMENT, AND (C) BID PROTECTIONS.'
04
Provide a brief introduction explaining the purpose of the motion and why the order is being requested.
05
List the facts supporting the motion, including details about the stalking horse bidder, revised sale agreement, and any bid protections.
06
Include a section outlining the legal basis for the motion, referencing relevant statutes and case law.
07
Attach any supporting documents, such as the revised sale agreement and evidence of the stalking horse bid.
08
Include a request for a hearing date if applicable, and indicate how notice will be provided to interested parties.
09
Sign the motion, including your name, title (if applicable), and date.
10
File the motion with the appropriate court and serve copies to all required parties.
Who needs MOTION FOR ENTRY OF AN ORDER APPROVING (A) STALKING HORSE BIDDER, (B) REVISED SALE AGREEMENT, AND (C) BID PROTECTIONS?
01
Debtors seeking to facilitate a sale of assets through bankruptcy proceedings.
02
Potential stalking horse bidders looking to establish a baseline bid in a sale process.
03
Creditors interested in the sale of assets and the implications of bid protections.
04
Legal professionals assisting clients in navigating bankruptcy sales.
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What is MOTION FOR ENTRY OF AN ORDER APPROVING (A) STALKING HORSE BIDDER, (B) REVISED SALE AGREEMENT, AND (C) BID PROTECTIONS?
It is a legal document submitted to a court to seek approval for a designated buyer (stalking horse bidder), a modified sale agreement, and certain protections for the bidding process.
Who is required to file MOTION FOR ENTRY OF AN ORDER APPROVING (A) STALKING HORSE BIDDER, (B) REVISED SALE AGREEMENT, AND (C) BID PROTECTIONS?
Typically, the debtor or the entity in bankruptcy is required to file this motion as part of the sale process under court supervision.
How to fill out MOTION FOR ENTRY OF AN ORDER APPROVING (A) STALKING HORSE BIDDER, (B) REVISED SALE AGREEMENT, AND (C) BID PROTECTIONS?
To fill out the motion, include sections detailing the background of the case, the stalking horse bid details, the revised sale agreement terms, the rationale for bid protections, and any applicable legal statutes or precedents.
What is the purpose of MOTION FOR ENTRY OF AN ORDER APPROVING (A) STALKING HORSE BIDDER, (B) REVISED SALE AGREEMENT, AND (C) BID PROTECTIONS?
The purpose is to secure judicial approval that facilitates the sale to the stalking horse bidder while setting a foundation for competitive bidding and ensuring the protections for the stalking horse bidder.
What information must be reported on MOTION FOR ENTRY OF AN ORDER APPROVING (A) STALKING HORSE BIDDER, (B) REVISED SALE AGREEMENT, AND (C) BID PROTECTIONS?
The motion should include details about the stalking horse bidder, key terms of the revised sale agreement, a description of bid protections, the rationale for these elements, as well as relevant financial data and timelines.
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