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

On March 26, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of TS Employment, Inc. and its affiliates.

The filing was assigned docket number 59 and is described on the court’s official docket as follows:

Motion to Approve /(Interim Hearing Date: 3/30/15 at 2:00 PM (EST), Objection Deadline (Interim) 3/30/15 at 9:00 AM (EST), Final Hearing Date: 4/15/15 at 11:00 AM (EST)/ Application of the Trustee for an Order Pursuant to 11 U.S.C. Sections 105(a), 363, 364(c)(1), (c)(2) and (c)(3) for Approval of Funding Arrangement Between the Trustee, Wells Fargo Bank, Sterling National Bank and Corporate Resource Services, Inc. filed by Jeffrey R. Gleit on behalf of James S. Feltman with hearing to be held on 3/30/2015 at 02:00 PM at Courtroom 501 (MG) Responses due by 3/30/2015,. (Attachments: # (1) Exhibit 1: Proposed Stipulation and Order # (2) Exhibit A to Exhibit 1: Term Sheet # (3) Exhibit 2: Declaration of James S. Feltman # (4) Pleading Notice of Hearing) (Gleit, Jeffrey)

TS Employment, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 2, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 15-10243. The bankruptcy case is currently assigned to United States Bankruptcy Judge Martin Glenn. The law firm of Tarter Krinsky & Drogin LLP is acting as lead bankruptcy counsel to TS Employment, Inc. in the bankruptcy case.


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