On December 22, 2014, an order regarding the motion for authority to use cash collateral was filed in the bankruptcy case of Phoenix Payment Systems, Inc. (a/k/a Electronic Payment Systems; EPX) and its affiliates.
The filing was assigned docket number 458 and is described on the court’s official docket as follows:
Order Approving Stipulation Authorizing and Consenting to (I) Use of Cash Collateral Pursuant to Revised Budget, and (II) Grant of Additional Adequate Protection to the Bancorp Bank (related document(s), , ). Order Signed on 12/22/2014. (Attachments: # (1) Exhibit 1) (NAL)
Phoenix Payment Systems, Inc. (a/k/a Electronic Payment Systems; EPX) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 4, 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 14-11848. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Richards, Layton & Finger, P.A. is acting as lead bankruptcy counsel to Phoenix Payment Systems, Inc. (a/k/a Electronic Payment Systems; EPX) in the bankruptcy case.