Kid Brands, Inc. Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On June 18, 2014, a motion for authority to use cash management systems was filed in the bankruptcy case of Kid Brands, Inc. and its affiliates.

The filing was assigned docket number 9 and is described on the court’s official docket as follows:

Motion re: For an Order (I) Authorizing the Debtors to Continue to Maintain Their Existing Cash Management System, Bank Accounts and Business Forms, (II) Modifying the Investment Guidelines, (III) Providing the United States Trustee with a 60-Day Objection Period and (IV) Granting Related Relief Filed by Samuel Jason Teele on behalf of Kid Brands, Inc.. (Attachments: # 1 Proposed Order) (Teele, Samuel) (Entered: 06/18/2014)

Kid Brands, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 18, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Jersey. The case number for the lead bankruptcy case is 14-22582. The bankruptcy case is currently assigned to United States Bankruptcy Judge Donald Steckroth. The law firm of Lowenstein Sandler PC is acting as lead bankruptcy counsel to Kid Brands, Inc. in the bankruptcy case.

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