On June 17, 2014, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Universal Cooperatives, Inc. and its affiliates.
The filing was assigned docket number 163 and is described on the court’s official docket as follows:
Order (FINAL) (I) Authorizing (A) The Debtors To Obtain Postpetition Financing On A Senior Secured Superpriority Basis And (B) To Utilize Cash Collateral; (II) Granting Adequate Protection To Prepetition Secured Lenders And (III) Granting Related Relief. (related document(s), ) Order Signed on 6/17/2014. (Attachments: # (1) Exhibit 1 # (2) Exhibit 2) (BJM)
Universal Cooperatives, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 11, 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 14-11187. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Foley & Lardner LLP is acting as lead bankruptcy counsel to Universal Cooperatives, Inc. in the bankruptcy case.