TelexFree, LLC Bankruptcy New Filing Alert: Motion For Relief From The Automatic Stay

On April 23, 2014, a motion for relief from the automatic stay was filed in the bankruptcy case of TelexFree, LLC and its affiliates.

The filing was assigned docket number 71 and is described on the court’s official docket as follows:

Ex Parte Motion to Exceed Page Limit Regarding Motion for an Order Determining that: (I) Portions of the Termporary Restraining Order Entered at the Request of the Securities and Exchange Commission Violate the Automatic Stay of 11 U.S.C. Section 362(a); (II) Portions of the Temporary Restraining Order Are Void; and (III) The Debtors Are Entitled to Use Their Assets in the Ordinary Course of Their Business with Proposed Order Filed by MARK M. WEISENMILLER on behalf of TELEXFREE, LLC (Attachments: # (1) Exhibit 1)(WEISENMILLER, MARK)

TelexFree, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 13, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Nevada. The case number for the lead bankruptcy case is 14-12524. The bankruptcy case is currently assigned to United States Bankruptcy Judge August Landis. The law firm of Greenberg Traurig, LLP is acting as lead bankruptcy counsel to TelexFree, LLC in the bankruptcy case.

* * * * * * * * * * * * * * * * * * * *

Chapter 11 Dockets is the most efficient, effective way to research bankruptcy cases and identify precedent.

Because it was designed by experienced restructuring professionals and is chapter 11 specific in focus, Chapter 11 Dockets is optimized for the unique needs of bankruptcy practitioners.

Learn more and sign up for a free trial by visiting http://info.chapter11dockets.com/about-chapter-11-dockets

* * * * * * * * * * * * * * * * * * * *

Leave a Reply