Karmaloop, Inc. Bankruptcy New Filing Alert: Motion For Miscellaneous “First Day” Relief

On March 23, 2015, a motion for miscellaneous “first day” relief was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 6 and is described on the court’s official docket as follows:

Motion Regarding Chapter 11 First Day Motions / Debtors’ Motion for Order Under Bankruptcy Code Sections 105, 361, 362, 363, 1107(a) and 1108 Authorizing Debtors to Maintain Existing Insurance Policies and Pay All Policy Premiums and Continue Relationship With Insurance Brokers 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.


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