Inversiones Alsacia S.A. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On December 4, 2014, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Inversiones Alsacia S.A. and its affiliates.

The filing was assigned docket number 99 and is described on the court’s official docket as follows:

Order signed on 12/4/2014 (A) Authorizing Debtors to (I) Continue to Operate the Existing Cash Management System, (II) Honor Certain Prepetition Obligations Related thereto; (II)Maintain Existing Bank Accounts; and (IV) Continue to Use Existing Business Forms; (B) Permitting Continued Intercompany Transactions and Historical Practices; (C) Granting Certain Administrative Claims; and (D) Granting an Extension of Time to Comply with the Requirements of Section 35(b) of the Bankruptcy Code. (related document(s)[12],[40]) (Rouzeau, Anatin)

Inversiones Alsacia S.A. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 16, 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 14-12896. The bankruptcy case is currently assigned to United States Bankruptcy Judge Martin Glenn. The law firm of Cleary Gottlieb Steen & Hamilton LLP is acting as lead bankruptcy counsel to Inversiones Alsacia S.A. in the bankruptcy case.


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