Petters Company, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On December 16, 2014, an order regarding the motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Petters Company, Inc. and its affiliates.

The filing was assigned docket number 2574 and is described on the court’s official docket as follows:

Order Granting Trustee’s Motion to engage in transactions outside the ordinary course of business pursuant 11 U.S.C. § 363(b) and to enter into the Intercreditor Agreement by and between himself, as Trustee and as collateral agent, and Sheila M. Gowan, as the post-confirmation Plan Administrator for Dreier LLP. (Related Doc # 2552) (Judy MNBS) (Entered: 12/16/2014)

Petters Company, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 11, 2008. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Minnesota. The case number for the lead bankruptcy case is 08-45257. The bankruptcy case is currently assigned to United States Bankruptcy Judge Gregory Kishel. The law firm of Lindquist & Vennum P.L.L.P. is acting as lead bankruptcy counsel to Petters Company, Inc. in the bankruptcy case.


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