S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On June 19, 2014, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) and its affiliates.

The filing was assigned docket number 59 and is described on the court’s official docket as follows:

INTERIM ORDER (1) AUTHORIZING POST-PETITION FINANCING PURSUANT TO 11 U.S.C. ?? 105, 361, 362, 364(c)(1), 364(c)(2), 364(c)(3) AND 364(d)(1); (2) AUTHORIZING THE USE OF CASH COLLATERAL; (3) GRANTING SECURITY INTERESTS AND SUPERPRIORITY CLAIMS; (4) PROVIDING ADEQUATE PROTECTION; (5) MODIFYING THE AUTOMATIC STAY; AND (6) GRANTING RELATED RELIEF (BNC-PDF) (Related Doc # 18 ) Signed on 6/19/2014. The Final Hearing is Set for 7/7/2014 at 1:30 p.m. [SEE ORDER FOR FURTHER RULING] (Duarte, Tina) (Entered: 06/19/2014)

S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) 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 Central District of California . The case number for the lead bankruptcy case is 14-13778. The bankruptcy case is currently assigned to United States Bankruptcy Judge Erithe Smith. The law firm of Pachulski Stang Ziehl & Jones LLP is acting as lead bankruptcy counsel to S.B. Restaurant Co. (d/b/a Elephant Bar Restaurant) in the bankruptcy case.

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