JW Resources, Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On July 2, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of JW Resources, Inc. and its affiliates.

The filing was assigned docket number 26 and is described on the court’s official docket as follows:

Motion of Debtors for Entry of an Interim and Final Order (I) Authorizing Post-Petition Secured Financing Pursuant to Sections 105, 361, 362, 364(c)(2), 364(d)(1), 364(e) and 503(b) of the Bankruptcy Code; (II) Authorizing the Debtors to Use Cash Collateral Pursuant to Section 363 of the Bankruptcy Code; (III) Providing Adequate Protection to the Pre-Petition Secured Parties Pursuant to Sections 361, 362, and 363 of the Bankruptcy Code; (IV) Modifying the Automatic Stay Pursuant to Section 362(d) of the Bankruptcy Code; (V) Scheduling a Final Hearing; and (VI) Providing Related Relief, filed by JW Resources, Inc.. (Attachments: # (1) Exhibit A: Credit Agreement # (2) Exhibit B: Budget # (3) Proposed Order # (4) Exhibit D: Perfection Documents) (Ellerman, Paige)

JW Resources, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 30, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of Kentucky . The case number for the lead bankruptcy case is 15-60831. The bankruptcy case is currently assigned to United States Bankruptcy Judge Gregory Schaaf . The law firm of Frost Brown Todd LLC is acting as lead bankruptcy counsel to JW Resources, Inc. in the bankruptcy case.


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