Karmaloop, Inc. Bankruptcy New Filing Alert: Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On May 8, 2015, a motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 205 and is described on the court’s official docket as follows:

Motion to Authorize // Debtors’ Motion for Entry of an Order Authorizing Payment of Prepetition Employee Vacation and Sick Leave Claims Filed by Karmaloop, Inc.. Hearing scheduled for 5/28/2015 at 02:00 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 5/21/2015. (Attachments: # (1) Notice # (2) Exhibit A – Proposed Order) (Johnson, Ericka)

Karmaloop, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 23, 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 15-10635. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Burns & Levinson LLP is acting as lead bankruptcy counsel to Karmaloop, Inc. in the bankruptcy case.


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