Karmaloop, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Pay Claims Of Vendors

On March 25, 2015, an order regarding the motion for authority to pay claims of vendors was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 41 and is described on the court’s official docket as follows:

Order (Interim) (I) Approving the Debtors’ Proposed Adequate Assurance of Payment for Future Utility Services, (II) Prohibiting Utility Companies from Altering, Refusing, or Discontinuing Services, (III) Approving the Debtors’ Proposed Procedures for Resolving Adequate Assurance Requests, and (IV) Granting Related Relief.(related document(s)[5]) Order Signed on 3/25/2015. (LMD)

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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