Milagro Holdings, LLC Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Pay Claims Of Employees

On July 17, 2015, an order regarding the motion for authority to pay claims of employees was filed in the bankruptcy case of Milagro Holdings, LLC and its affiliates.

The filing was assigned docket number 42 and is described on the court’s official docket as follows:

Order (I) Authorizing the Debtors to Pay Amounts Attributable to Certain Pre-Petition (A) Wages, Salaries and Other Compensation; (B) Reimbursable Employee Expenses; and (C) Employee Benefits; (II) Authorizing the Debtors to Continue Their Severance Program and to Make Payments Thereunder; (III) Authorizing the Debtors to Continue Their Existing Employee Compensation and Benefits Programs Post-Petition; and (IV) Granting Related Relief. (Related Doc # [9]) Order Signed on 7/17/2015. (LCN)

Milagro Holdings, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 15, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-11520. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Porter & Hedges, L.L.P. is acting as lead bankruptcy counsel to Milagro Holdings, LLC in the bankruptcy case.


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