Karmaloop, Inc. Bankruptcy New Filing Alert: Motion For Authority To Pay Claims Of Taxing Authorities

On March 23, 2015, a motion for authority to pay claims of taxing authorities was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 7 and is described on the court’s official docket as follows:

Motion to Pay Sales and Use Taxes / Motion of the Debtors for the Entry of an Order (A) Authorizing, But Not Obligating, the Debtors to Remit and Pay Certain Taxes and (B) Authorizing and Directing Banks and Other Financial Institutions to Honor Related Checks and Electronic Payment Requests Filed By Karmaloop, Inc. (Attachments: # 1 Exhibit A)(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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