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

On March 23, 2015, a motion for authority to use cash management systems was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 9 and is described on the court’s official docket as follows:

Motion to Maintain Bank Accounts / Debtors’ Motion for Interim Order Under 11 U.S.C. Sections 105(a), 345, 363, 364, and 503(b)(1) Authorizing (A) Continued Maintenance of Existing Bank Accounts, (B) Continued Use of Existing Business Forms, (C) Continued Use of Existing Cash Management Systems, and (D) Waiver of Certain Guidelines Relating to Bank Accounts Filed By Karmaloop, Inc. (Attachments: # 1 Exhibit A # 2 Exhibit B)(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.


Leave a Reply