University General Health System, Inc. Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On February 27, 2015, a motion for authority to use cash management systems was filed in the bankruptcy case of University General Health System, Inc. and its affiliates.

The filing was assigned docket number 8 and is described on the court’s official docket as follows:

Emergency Motion Debtors’ Emergency Motion for Interim and Final Orders (i) Authorizing (a) the Continued Use of Existing Cash Management System, Bank Accounts, Business Forms, and Deposit and Investment Practices; (b) Payment of Related Prepetition Obligations; and (c) a Waiver of Certain Operating Guidelines Relating to Bank Accounts; and (ii) Authorizing Continued Engagement in Intercompany Transactions Pursuant to 11 U.S.C. §§ 105(a), 345 and 363 and Fed. R. Bankr. P. 6003 and 6004 Filed by Debtor University General Health System, Inc. (Attachments: # 1 Proposed Order) (Wolfshohl, Joshua) (Entered: 02/27/2015)

University General Health System, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 27, 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 15-31086. The bankruptcy case is currently assigned to United States Bankruptcy Judge Letitia Paul. The law firm of Porter & Hedges, L.L.P. is acting as lead bankruptcy counsel to University General Health System, Inc. in the bankruptcy case.


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