Adinath Corp. & Simply Fashion Stores, Ltd. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On April 17, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Adinath Corp. & Simply Fashion Stores, Ltd. and its affiliates.

The filing was assigned docket number 42 and is described on the court’s official docket as follows:

Interim Order Pursuant to Sections 361,363,364(c) AND (d) of the Bankruptcy Code And Rule 4001 of the Federal Rules of Bankruptcy Procedure Authorizing (A) Debtors In Possession to Obtain Senior Secured Post-Petition Financing, (B) Granting Certain Priming Liens, (C) Modifying the Automatic Stay, (D) Granting Super-Priority Administrative Claim Status, (E)Authorizing Use of Cash Collateral and Granting Adequate Protection Therefore, And (F) Setting Final Hearing (Re: 24 Motion to Use Cash Collateral filed by Debtor Adinath Corp.). Final Hearing Scheduled for 05/06/2015 at 09:00 AM at C. Clyde Atkins U.S. Courthouse, 301 N Miami Ave Courtroom 8 (LMI), Miami, FL 33128. (Valencia, Yamileth) (Entered: 04/17/2015)

Adinath Corp. & Simply Fashion Stores, Ltd. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 16, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Florida . The case number for the lead bankruptcy case is 15-16885. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurel Isicoff. The law firm of Berger Singerman P.A. is acting as lead bankruptcy counsel to Adinath Corp. & Simply Fashion Stores, Ltd. in the bankruptcy case.


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