Kid Brands, Inc. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Obtain Debtor-In-Possession Financing

On June 20, 2014, an objection to the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Kid Brands, Inc. and its affiliates.

The filing was assigned docket number 47 and is described on the court’s official docket as follows:

Opposition of Secured Creditor Allied Hill Enterprise, Ltd., and supporting Certification with Exhibits, including copies of filed UCC-1 financing statements re the $1,203,387.38 perfected secured lien of Allied Hill Enterprise, Ltd. in Opposition to (related document:[7] Motion re: For Entry of Interim and Final Orders (I) Authorizing the Debtors to Obtain Post-Petition Financing on a Senior Secured and Superpriority Basis; (II) Authorizing the Use Cash Collateral (III) Granting Adequate Protection; (IV) Scheduling Final Hearing Thereon; and (V) Granting Related Relief Filed by Samuel Jason Teele on behalf of Kid Brands, Inc.. (Attachments: # 1 Proposed Order and Budget) filed by Debtor Kid Brands, Inc.) filed by Thaddeus R. Maciag on behalf of Allied Hill Enterprise, Ltd.. (Attachments: # (1) Certification # (2) Exhibit A to Certification # (3) Exhibit B to Certification # (4) Exhibit C to Certification # (5) Exhibit D to Certification) (Maciag, Thaddeus)

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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