Eagle Bulk Shipping Inc. Bankruptcy New Filing Alert: Motion For Authority To Pay Claims Of Employees

On August 6, 2014, a motion for authority to pay claims of employees was filed in the bankruptcy case of Eagle Bulk Shipping Inc. and its affiliates.

The filing was assigned docket number 4 and is described on the court’s official docket as follows:

Motion to Approve / Debtor’s Motion for Entry of Interim and Final Orders (I) Authorizing Debtor to (A) Pay Prepetition Wages, Other Compensation, and Reimbursable Expenses, (B) Continue Employee Benefit Programs, and (C) Pay Director Fees and Expenses; (II) Directing Financial Institutions to Honor and Process all Checks and Electronic Payment Requests Related to Such Obligations; (III) Scheduling a Hearing to Consider Entry of a Final Order; and (IV) Granting Related Relief filed by Tyson Lomazow on behalf of Eagle Bulk Shipping Inc.. (Lomazow, Tyson) (Entered: 08/06/2014)

Eagle Bulk Shipping Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 6, 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 14-12303. The bankruptcy case is currently assigned to United States Bankruptcy Judge Sean Lane. The law firm of Milbank, Tweed, Hadley & McCloy LLP is acting as lead bankruptcy counsel to Eagle Bulk Shipping Inc. in the bankruptcy case.

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