BPZ Resources, Inc. Bankruptcy New Filing Alert: Motion For Authority To Pay Claims Of Employees

On March 9, 2015, a motion for authority to pay claims of employees was filed in the bankruptcy case of BPZ Resources, Inc. and its affiliates.

The filing was assigned docket number 6 and is described on the court’s official docket as follows:

Emergency Motion for Entry of an Order: (1) Authorizing the Debtor to Pay Pre-Petition Wages, Reimbursable Expenses, Employee Benefits and Other Compensation; (2) Directing All Banks to Honor Certain Related Pre-Petition Transfers; and (3) Granting Related Relief Filed by Debtor BPZ Resources, Inc. (Attachments: # 1 Exhibit A – Proposed Order) (Cicack, Walter) (Entered: 03/09/2015)

BPZ Resources, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 9, 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 15-60016. The bankruptcy case is currently assigned to United States Bankruptcy Judge David Jones. The law firm of Stroock & Stroock & Lavan LLP is acting as lead bankruptcy counsel to BPZ Resources, Inc. in the bankruptcy case.


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