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

On June 3, 2015, a 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 255 and is described on the court’s official docket as follows:

Motion to Amend Order (related document(s)[156] Order on Motion for Entry of Order) Motion of the Official Committee of Unsecured Creditors to Modify Final Order (I) Authorizing Debtors (A) to Obtain Postpetition Financing Pursuant to 11 U.S.C. §§ 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 U.S.C. § 363 and (II) Granting Adequate Protection to Prepetition Secured Parties Pursuant to 11 U.S.C. §§ 361, 362, 363, and 364 Filed by Creditor Committee Official Committee of Unsecured Creditors Hearing scheduled 6/5/2015 at 11:30 AM at Roanoke, US Bankruptcy Court, 2nd Flr, 210 Church Ave., Roanoke, VA 24011. (Hastings, Michael)

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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