Palmdale Hills Property, LLC (SunCal) Bankruptcy New Filing Alert: Stipulation Regarding Motion For Authority To Obtain Debtor-In-Possession Financing

On January 20, 2015, a stipulation regarding motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Palmdale Hills Property, LLC (SunCal) and its affiliates.

The filing was assigned docket number 5107 and is described on the court’s official docket as follows:

Stipulation By Lehman ALI, Inc., Lehman Commercial Paper Inc., Steven M Speier (TR) and Stipulation Of January 2015 By And Between Lehman Commercial Paper Inc. And Chapter 11 Trustee For Suncal Emerald Meadows, LLC, Pursuant To 11 U.S.C. §§ 362, 363, 364, And 507, (1) Approving Senior Secured Superpriority Postpetition Financing, (2) Granting Liens And Providing Superpriority Administrative Expense Status, And (3) Modifying Automatic Stay To The Extent Necessary Filed by Creditors Lehman ALI, Inc., Lehman Commercial Paper Inc., Trustee Steven M Speier (TR) (Orgel, Robert) (Entered: 01/20/2015)

Palmdale Hills Property, LLC (SunCal) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 6, 2008. The bankruptcy case is pending before the United States Bankruptcy Court for the Central District of California . The case number for the lead bankruptcy case is 08-17206. The bankruptcy case is currently assigned to United States Bankruptcy Judge Erithe Smith. The law firm of Unknown is acting as lead bankruptcy counsel to Palmdale Hills Property, LLC (SunCal) in the bankruptcy case.


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