Quicksilver Resources Inc. (a/k/a Wellflex Energy Solutions) Bankruptcy New Filing Alert: Affidavit Or Declaration Regarding Motion For Authority To Obtain Debtor-In-Possession Financing

On April 22, 2015, an affidavit or declaration regarding motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Quicksilver Resources Inc. (a/k/a Wellflex Energy Solutions) and its affiliates.

The filing was assigned docket number 250 and is described on the court’s official docket as follows:

Declaration of Vanessa Gomez Lagatta in Further Support of (1) Debtors Motion for Entry of Interim and Final Orders (A) Authorizing the Use of Cash Collateral, (B) Granting Prepetition Secured Parties Adequate Protection, (C) Scheduling a Final Hearing, and (D) Granting Related Relief and (2) Debtors Motion for (A) Authority to (I) Continue Using Existing Cash Management System, (II) Honor Certain Pre-Petition Obligations Related to the Use of the Cash Management System, and (III) Maintain Existing Bank Accounts and Business Forms; and (B) An Extension of Time to Comply with Bankruptcy Code Section 345(b) and Local Rule 4001-3 (related document(s)[8], [16]) Filed by Quicksilver Resources Inc.. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C) (Steele, Amanda)

Quicksilver Resources Inc. (a/k/a Wellflex Energy Solutions) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 17, 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 15-10585. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurie Selber Silverstein. The law firm of Akin, Gump, Strauss, Hauer & Feld LLP is acting as lead bankruptcy counsel to Quicksilver Resources Inc. (a/k/a Wellflex Energy Solutions) in the bankruptcy case.


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