Mississippi Phosphates Corporation Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On April 27, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Mississippi Phosphates Corporation and its affiliates.

The filing was assigned docket number 717 and is described on the court’s official docket as follows:

Motion of the Debtors to Renew and Extend Interim Order Pursuant to Sections 105, 361, 362, 363, 364 and 507 of the Bankruptcy Code and Federal Rules of Bankruptcy Procedure 2002, 4001 and 9014 (I) Authorizing the Debtors to Incur Post-Petition Senior Secured Superpriority Indebtedness; (II) Authorizing Use of Cash Collateral; (III) Granting Post-Petition Priming and Senior Priority Security Interests and Superpriority Claims; (IV) Granting Adequate Protection; and (V) Modifying the Automatic Stay (Related Doc # [707], [66], [575]) (Watson, Wanda)

Mississippi Phosphates Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 27, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Mississippi . The case number for the lead bankruptcy case is 14-51667. The bankruptcy case is currently assigned to United States Bankruptcy Judge Katherine Samson. The law firm of Butler Snow LLP is acting as lead bankruptcy counsel to Mississippi Phosphates Corporation in the bankruptcy case.


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