Winland Ocean Shipping Corporation Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On February 19, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Winland Ocean Shipping Corporation and its affiliates.

The filing was assigned docket number 25 and is described on the court’s official docket as follows:

Interim Order (I) Authorizing Use of Cash Collateral of Existing Secured Lenders Pursuant to Section 363(C) of the Bankruptcy Code; (II) Granting Adequate Protection for the Use Thereof; and (III) Scheduling a Final Hearing Pursuant to Bankruptcy Rule 4001 as to Use of Cash Collateral Signed on 2/19/2015 (Related document(s):[20] Emergency Motion, Motion to Use Cash Collateral) Final hearing on cash collateral scheduled for 3/26/2015 at 02:00 PM at Houston, Courtroom 400 (DRJ). (dsta)

Winland Ocean Shipping Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 12, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Texas . The case number for the lead bankruptcy case is 15-60007. The bankruptcy case is currently assigned to United States Bankruptcy Judge David Jones. The law firm of Okin & Adams LLP is acting as lead bankruptcy counsel to Winland Ocean Shipping Corporation in the bankruptcy case.


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