Allied Nevada Gold Corp. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Obtain Debtor-In-Possession Financing

On April 9, 2015, an objection to the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Allied Nevada Gold Corp. and its affiliates.

The filing was assigned docket number 148 and is described on the court’s official docket as follows:

Objection and Reservation of Rights of the Official Committee of Unsecured Creditors to Debtors’ Motion for Entry of Interim and Final Orders: (I) Pursuant To 11 U.S.C. ยงยง 105, 361, 362, 363 And 364 Authorizing The Debtors To (A) Obtain Postpetition Financing, (B) Grant Liens And Superpriority Administrative Expense Status, (C) Use Cash Collateral Of Prepetition Secured Parties, And (D) Grant Adequate Protection To Prepetition Secured Parties; (II) Scheduling A Final Hearing Pursuant To Bankruptcy Rules 4001(b) And 4001(c); And (III) Granting Related Relief (related document(s)[14]) Filed by The Official Committee of Unsecured Creditors (Ward, Christopher)

Allied Nevada Gold Corp. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 10, 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 15-10503. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Akin, Gump, Strauss, Hauer & Feld LLP is acting as lead bankruptcy counsel to Allied Nevada Gold Corp. in the bankruptcy case.


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