BPZ Resources, Inc. Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On March 9, 2015, a motion for authority to use cash management systems was filed in the bankruptcy case of BPZ Resources, Inc. and its affiliates.

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

Emergency Motion for an Order Authorizing (1) Maintenance of Pre-Petition Bank Accounts and Cash Management System (2) Continued Use of Business Forms and (3) Continuation of Current Investment Practices Pursuant to Sections 105(a), 345(b) and 363(c) of the Bankruptcy Code Filed by Debtor BPZ Resources, Inc. (Attachments: # 1 Exhibit A – Debtor’s Bank Accounts # 2 Exhibit B – 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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