USA Synthetic Fuel Corporation Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On March 17, 2015, a motion for authority to use cash management systems was filed in the bankruptcy case of USA Synthetic Fuel Corporation and its affiliates.

The filing was assigned docket number 5 and is described on the court’s official docket as follows:

Motion to Maintain Bank Accounts Debtors’ Motion For An Order Under Sections 105, 345 and 363 Of The Bankruptcy Code, Bankruptcy Rules 6003 And 6004 And Local Rule 2015-2 Authorizing (I) Maintenance Of Existing Bank Account; (II) Continued Use Of Existing Cash Management System; (III) Continued Use Of Existing Business Forms And Records; And (IV) Waiving The Requirements Of Section 345(b) Of The Bankruptcy Code On An Interim Basis Filed By USA Synthetic Fuel Corporation (Attachments: # 1 Exhibit A)(Remming, Andrew) (Entered: 03/17/2015)

USA Synthetic Fuel Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 17, 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 15-10599. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Morris, Nichols, Arsht & Tunnell LLP is acting as lead bankruptcy counsel to USA Synthetic Fuel Corporation in the bankruptcy case.


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