The US Bankruptcy Court gave an order approving the sale procedures relating to the sale of de minimis assets of Ezra Holdings Limited on June 1, 2017. The debtor’s de minimis assets include certain low value assets, as well as certain surplus, obsolete, non-core or burdensome assets. For sale of assets with a purchase price of up to $1 million, the debtor will be required to file notices and wait for any objections for a period of 10 days. The upper threshold for the sale of debtor’s de minimis assets in any individual transaction or series of related transactions to a single buyer or group of related buyers is $1 million. If no written objections are filed with the Court, then the debtors are authorized to immediately consummate such sale or transfer.