Balmoral Racing Club, Inc. Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On December 24, 2014, a motion for authority to use cash management systems was filed in the bankruptcy case of Balmoral Racing Club, Inc. and its affiliates.

The filing was assigned docket number 10 and is described on the court’s official docket as follows:

Notice of Motion and Motion to Authorize Debtors to (I) (A) MAINTAIN EXISTING BANK ACCOUNTS, (B) USE EXISTING CASH MANAGEMENT SYSTEM, (C) USE EXISTING BUSINESS FORMS, AND (D) USE EXISTING BOOKS AND RECORDS; AND (II) WAIVE INVESTMENT AND DEPOSIT REQUIREMENTS OF 11 U.S.C. § 345(b) Filed by Nathan Q. Rugg on behalf of Balmoral Racing Club, Inc.. Hearing scheduled for 12/30/2014 at 09:30 AM at 219 South Dearborn, Courtroom 619, Chicago, Illinois 60604. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C # 4Proposed Order) (Rugg, Nathan) (Entered: 12/24/2014)

Balmoral Racing Club, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 24, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Illinois . The case number for the lead bankruptcy case is 14-45711. The bankruptcy case is currently assigned to United States Bankruptcy Judge Donald Cassling. The law firm of Adelman & Gettleman, Ltd. is acting as lead bankruptcy counsel to Balmoral Racing Club, Inc. in the bankruptcy case.


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