Nautilus Holdings Limited Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On June 23, 2014, a motion for authority to use cash management systems was filed in the bankruptcy case of Nautilus Holdings Limited and its affiliates.

The filing was assigned docket number 8 and is described on the court’s official docket as follows:

Motion to Approve Debtors’ Motion for Interim and Final Orders Under 11 U.S.C. Sections 105, 345, 363, 364, 503, 1107, and 1108 (I) Authorizing Continued Use of Existing Cash Management System, Bank Accounts, Business Forms, and Payment of Related Prepetition Obligations and (II) Waiving Investment and Deposit Requirements filed by Jay M. Goffman on behalf of Nautilus Holdings Limited. (Goffman, Jay) (Entered: 06/23/2014)

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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