Lee Steel Corporation Bankruptcy New Filing Alert: Stipulation Regarding Motion For Authority To Obtain Debtor-In-Possession Financing

On May 12, 2015, a stipulation regarding motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Lee Steel Corporation and its affiliates.

The filing was assigned docket number 124 and is described on the court’s official docket as follows:

Stipulation By and Between Debtors and Debtors in Possession, Official Committee of Unsecured Creditors and The Huntington National Bank Re: Entry of Final Order: (A) Authorizing Debtors to Obtain Post-Petition Financing and Grant Security Interests and Superpriority Administrative Expense Status Pursuant to 11 U.S.C. Sections 15 and 364(c); (B) Modifying the Automatic Stay Pursuant to 11 U.S.C. Section 362; and (C) Authorizing Debtors to Enter into Agreements with The Huntington National Bank . Filed by Debtor In Possession Lee Steel Corporation. (Gross, Stephen) (Entered: 05/12/2015)

Lee Steel Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 13, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of Michigan . The case number for the lead bankruptcy case is 15-45784. The bankruptcy case is currently assigned to United States Bankruptcy Judge Marci McIvor. The law firm of McDonald Hopkins LLC is acting as lead bankruptcy counsel to Lee Steel Corporation in the bankruptcy case.


Leave a Reply