Sears Methodist Retirement System, Inc. Bankruptcy New Filing Alert: Motion For Miscellaneous “First Day” Relief

On June 10, 2014, a motion for miscellaneous “first day” relief was filed in the bankruptcy case of Sears Methodist Retirement System, Inc. and its affiliates.

The filing was assigned docket number 24 and is described on the court’s official docket as follows:

Request for expedited consideration of first day matter. Re: filed by Debtor Sears Methodist Retirement System, Inc. (RE: related document(s)4 Motion for joint administration of cases 14-32821-11, 14-32822-11, 14-32824-11, 14-32825-11, 14-32827-11, 14-32828-11, 14-32829-11, 14-32831-11, 14-32832-11, 14-32833-11, 14-32834-11, and 14-32835-11 , 9 Motion Prepetition (I) Wages, Salaries, and Other Compensation of Employees (II) Employee Medical and Similar Benefits, (III) Reimbursable Employee Expenses and (IV) Other Miscellaneous Employee Expenses and Benefits. , 10 Motion (I) Continued Use of Existing Cash Management System, (II) Maintenance of Existing Bank Accounts, (III) Continued Use of Existing Business Forms, and (IV) Maintenance of Existing Investment Practices. , 11 Motion to Authorize Debtors to File Consolidated Mailing Matrix and Consolidated List of 30 Largest Unsecured Creditors. , 12 Motion to Extend Time to File Schedules and Statement of Financial Affairs. , 13 Motion to Authorize the Debtors to Escrow Certain Entrance Deposits and Refund Certain Entrance Deposits. ,14 Motion to Authorize Retention of Professionals Utilized by Debtors in Ordinary Course of Business. , 15 Application to employ GCG, Inc. as Claims Agent , 16 Motion regarding utilities. , 17 Motion to Maintain Existing Insurance Policies. , 19 Motion to use cash collateral of Sears Caprock Retirement Corporation, 20 Motion to use cash collateral of Sears Tyler Methodist Retirement Corporation, 21 Motion to use cash collateral of Odessa Methodist Housing, Inc and Canyons Senior Living, L.P., 22 Motion to use cash collateral of Sears Plains Retirement Corporation, 23 Motion for DIP financing. ). (Slusher, Vincent)

Sears Methodist Retirement System, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 10, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Texas . The case number for the lead bankruptcy case is 14-32821. The bankruptcy case is currently assigned to United States Bankruptcy Judge Stacey Jernigan. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to Sears Methodist Retirement System, Inc. in the bankruptcy case.

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