Milagro Holdings, LLC Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On July 17, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Milagro Holdings, LLC and its affiliates.

The filing was assigned docket number 38 and is described on the court’s official docket as follows:

Order (I) Authorizing the Debtors to (A) Continue Their Existing Cash Management System and (B) Maintain Existing Bank Accounts and Check Stock, (II) Granting an Extension of Time to Comply with Section 345(b) of the Bankruptcy Code, and (III) Authorizing the Debtors to Continue Intercompany Transactions and Granting Administrative Expense Status to Intercompany Claims. (Related Doc # [5]) 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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