Xinergy Ltd. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On May 8, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Xinergy Ltd. and its affiliates.

The filing was assigned docket number 181 and is described on the court’s official docket as follows:

Final Order Granting Motion for Entry of Order (I) Authorizing Debtors to Maintain Existing Bank Accounts and Business Forms and Continue to Use Existing Cash Management System; (II) Granting Administrative Expense Status for Intercompany Claims; and (III) Waiving the Requirements of Section 345(b) of the Bankruptcy Code (Related Doc # [8]) Signed on 5/8/2015. (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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