Coach America Rolls Onto Auction Block In Ch. 11

Law360, Wilmington (January 27, 2012, 7:54 PM EST) -- A Delaware bankruptcy judge gave Coach America Holdings Inc. the green light to auction its assets Friday after the charter bus giant’s efforts to restructure a hefty debt burden met with little success.

U.S. Bankruptcy Judge Kevin Gross signed off on bidding procedures for the assets after a court hearing, with the company planning an auction for April 18.

But Coach America has yet to find a stalking horse to kick off the bidding, debtor attorney Jason Teele of Lowenstein Sandler PC said at the hearing....
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