ProNerve Holdings, LLC Bankruptcy New Filing Alert: Motion For Miscellaneous “First Day” Relief

On February 24, 2015, a motion for miscellaneous “first day” relief was filed in the bankruptcy case of ProNerve Holdings, LLC and its affiliates.

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

Motion to Authorize Debtors’ Motion for an Order (I) Authorizing, but Not Directing, the Debtors to (A) Continue Insurance Coverage Entered into Prepetition, (B) Renew or Purchase New Insurance Policies in the Ordinary Course of Business, (C) Pay All Prepetition Obligations Relating Thereto, and (D) Maintain the Installment Payment Policies; and (II) Authorizing the Debtors’ Banks and Other Financial Institutions to Process and Honor Checks and Transfers Related to Such Obligations Filed by ProNerve Holdings, LLC. (Attachments: # 1 Exhibit A – Proposed Order # 2 Exhibit B – List of Debtors’ Insurance Policies) (Detweiler, Donald) (Entered: 02/24/2015)

ProNerve Holdings, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 24, 2015. 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 15-10373. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of McDermott Will & Emery is acting as lead bankruptcy counsel to ProNerve Holdings, LLC in the bankruptcy case.


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