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

On July 6, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Frac Specialists, LLC and its affiliates.

The filing was assigned docket number 116 and is described on the court’s official docket as follows:

Motion to borrow/incur debt money to finance insurance premiums – Debtors’ Motion to Enter Into and Finance Insurance Policies Filed by Consolidated debtor Acid Specialists, LLC, Cement Specialists, LLC, Debtor Frac Specialists, LLC (Lankford, Lynda)

Frac Specialists, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 17, 2015. 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 15-41974. The bankruptcy case is currently assigned to United States Bankruptcy Judge D. Michael Lynn. The law firm of Forshey & Prostok LLP is acting as lead bankruptcy counsel to Frac Specialists, LLC in the bankruptcy case.


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