CrossFoot Energy, LLC Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On July 8, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of CrossFoot Energy, LLC and its affiliates.

The filing was assigned docket number 139 and is described on the court’s official docket as follows:

Motion to borrow/incur debt – Debtors’ Motion for the Entry of an Order (i) Approving Post-Petition Financing, (ii) Granting Liens and Providing Superpriority Administrative Expense Status, and (iii) Granting Related Relief Filed by Consolidated debtor CrossFoot Energy Fund I, L.P., CrossFoot Energy Fund II, L.P., CrossFoot Operating, LLC, CrossFoot Properties, LLC, Debtor CrossFoot Energy, LLC (Attachments: # (1) Proposed Order) (Prostok, Jeff)

CrossFoot Energy, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 20, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Texas . The case number for the lead bankruptcy case is 14-44668. The bankruptcy case is currently assigned to United States Bankruptcy Judge Russell Nelms. The law firm of Forshey & Prostok LLP is acting as lead bankruptcy counsel to CrossFoot Energy, LLC in the bankruptcy case.


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