Karmaloop, Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On March 23, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 11 and is described on the court’s official docket as follows:

Motion to Approve Debtor In Possession Financing Filed By Karmaloop, Inc. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C # 4 Exhibit D)(Kortanek, Steven) (Entered: 03/23/2015)

Karmaloop, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 23, 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 15-10635. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Burns & Levinson LLP is acting as lead bankruptcy counsel to Karmaloop, Inc. in the bankruptcy case.


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