Chassix Holdings, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On April 13, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Chassix Holdings, Inc. and its affiliates.

The filing was assigned docket number 267 and is described on the court’s official docket as follows:

Order signed on 4/10/2015, (I)Authorizing Debtors to (A)Continue using existing cash management system, (B)Honor certain prepetition obligations related to the use thereof, (C)Provide postpetition intercompany claims administrative expense priority, and (D)Maintain existing bank accounts and business forms; and (II)Waiving the requirements of 11 U.S.C. Sec. 345(b). (related document(s)[21]) (Richards, Beverly)

Chassix Holdings, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 12, 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 15-10578. The bankruptcy case is currently assigned to United States Bankruptcy Judge Michael Wiles. The law firm of Weil, Gotshal & Manges LLP is acting as lead bankruptcy counsel to Chassix Holdings, Inc. in the bankruptcy case.


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