Source Home Entertainment, LLC (2014) 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 Source Home Entertainment, LLC (2014) and its affiliates.

The filing was assigned docket number 10 and is described on the court’s official docket as follows:

Motion to Maintain Bank Accounts and (I) Authorizing the Debtors to (A) Continue to Operate the Cash Management System, (B) Honor Certain Prepetition Obligations Related Thereto, (C) Maintain Existing Bank Forms, and (D) Continue to Perform Intercompany Transactions, (II) Waiving the Deposit and Investment Requirements of Section 345(b) of the Bankruptcy Code, and (III) Granting Related Relief Filed By Source Home Entertainment, LLC (Kandestin, Maris) (Entered: 06/23/2014)

Source Home Entertainment, LLC (2014) 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 District of Delaware. The case number for the lead bankruptcy case is 14-11553. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Kirkland & Ellis LLP is acting as lead bankruptcy counsel to Source Home Entertainment, LLC (2014) in the bankruptcy case.

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