Hepar BioScience LLC Bankruptcy New Filing Alert: Stipulation Regarding Motion For Authority To Obtain Debtor-In-Possession Financing

On March 9, 2015, a stipulation regarding motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Hepar BioScience LLC and its affiliates.

The filing was assigned docket number 59 and is described on the court’s official docket as follows:

Joint Stipulation and Agreement for Use of Cash Collateral and for Adequate Protection Through April 30, 2015 (related document 8 Motion to Use Cash Collateral, Request for Preliminary Hearing) filed by and between Northwest Bank and Debtor. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C # 4 Exhibit D # 5 Certificate of Service)(Damgaard, Roger W.) (Entered: 03/09/2015)

Hepar BioScience LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 20, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of South Dakota. The case number for the lead bankruptcy case is 15-40057. The bankruptcy case is currently assigned to United States Bankruptcy Judge Charles Nail Jr.. The law firm of Gerry & Kulm Ask, Prof. LLC is acting as lead bankruptcy counsel to Hepar BioScience LLC in the bankruptcy case.


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