Xinergy Ltd. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On May 5, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Xinergy Ltd. and its affiliates.

The filing was assigned docket number 156 and is described on the court’s official docket as follows:

Order Granting Motion for Entry of Final Order (I) Authorizing Debtors (A) To Obtain Postpetition Financing Pursuant to 11 USC §§ 105, 361, 362, 364(c)(1), 364(c)(2), 364(c)(3), 364(d)(1) and 364(e) and (B) To Utilize Cash Collateral Pursuant to 11 USC § 363 and (II) Granting Adequate Protection to Prepetition Secured Parties Pursuant to 11 USC §§ 361, 362, 363, and 364 (Related Doc # [22]) Signed on 5/5/2015. (Jenkins, Janet)

Xinergy Ltd. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 6, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Western District of Virginia . The case number for the lead bankruptcy case is 15-70444. The bankruptcy case is currently assigned to United States Bankruptcy Judge Paul Black. The law firm of Hunton & Williams LLP is acting as lead bankruptcy counsel to Xinergy Ltd. in the bankruptcy case.


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