PSL – North America LLC Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On June 16, 2014, a motion for authority to use cash management systems was filed in the bankruptcy case of PSL – North America LLC and its affiliates.

The filing was assigned docket number 4 and is described on the court’s official docket as follows:

Motion to Maintain Bank Accounts (Motion of Debtors for Order Pursuant to 11 U.S.C. §§ 105(a), 345, and 363, Fed. R. Bankr. P. 6003 and Del. Bankr. L.R. 2015-2 (I) Authorizing Continued Use of Existing Cash Management System, Including Maintenance of Existing Bank Accounts, Checks and Business Forms, (II) Waiving Certain Requirements of the United States Trustee, and (III) Extending the Debtors Time to Comply with Section 345 of the Bankruptcy Code) Filed By PSL – North America LLC (Heath, Paul) (Entered: 06/16/2014)

PSL – North America LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 16, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 14-11477. The bankruptcy case is currently assigned to United States Bankruptcy Judge Peter Walsh. The law firm of Richards, Layton & Finger, P.A. is acting as lead bankruptcy counsel to PSL – North America LLC in the bankruptcy case.

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