Nautilus Holdings Limited Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On June 24, 2014, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Nautilus Holdings Limited and its affiliates.

The filing was assigned docket number 12 and is described on the court’s official docket as follows:

Motion to Approve Debtors’ Motion for Entry of Interim and Final Orders Under 11 U.S.C. Section 364, Bankruptcy Rules 4001 and 9014, and Local Bankruptcy Rule 4001-2 (I) Authorizing the Debtors to Obtain Postpetition Financing and (II) Scheduling A Final Hearing filed by Jay M. Goffman on behalf of Nautilus Holdings Limited. (Goffman, Jay) (Entered: 06/24/2014)

Nautilus Holdings Limited filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 23, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 14-22885. The bankruptcy case is currently assigned to United States Bankruptcy Judge 12/30/1899 12:00:00 AM Judge Not Yet Assigned. The law firm of Skadden, Arps, Slate, Meagher & Flom LLP is acting as lead bankruptcy counsel to Nautilus Holdings Limited in the bankruptcy case.

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