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

On June 24, 2014, an order regarding 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 86 and is described on the court’s official docket as follows:

CORRECTED INTERIM ORDER PURSUANT TO 11 U.S.C. §§ 105, 361, 362, 363, 364 AND 507 (1) APPROVING POSTPETITION FINANCING, (2) AUTHORIZING USE OF CASH COLLATERAL, (3) GRANTING LIENS AND PROVIDING SUPERPRIORITY ADMINISTRATIVE EXPENSE STATUS, (4) GRANTING ADEQUATE PROTECTION, (5) MODIFYING AUTOMATIC STAY, AND (6) SCHEDULING A FINAL HEARING. (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 Fina filed by Debtor Kid Brands, Inc.). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 6/24/2014. (Attachments: # (1) Exhibit A # (2) Exhibit B) (zlh)

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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