Signal International, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On July 14, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Signal International, Inc. and its affiliates.

The filing was assigned docket number 78 and is described on the court’s official docket as follows:

Order (INTERIM) Authorizing Debtors in Possession to (I) Obtain Postpetition Financing Pursuant to 11 U.S.C. §§ 105, 362, 363, and 364, (II) Grant Liens and Superpriority Claims to Postpetition Lenders Pursuant to 11 U.S.C. §§ 364; (III) Use Cash Collateral, (IV) Provide Adequate Protection to Prepetition Credit Parties and Modifying Automatic Stay Pursuant to 11 U.S..C §§ 361, 362, 363, and 364; and (V) Scheduling a Final Hearing Pursuant to Bankruptcy Rules 4001(b) and (c) and Local Bankruptcy Rule 4001-2 (Related Doc # [11]) Order Signed on 7/14/2015. (LB)

Signal International, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 12, 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 15-11498. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Young Conaway Stargatt & Taylor, LLP is acting as lead bankruptcy counsel to Signal International, Inc. in the bankruptcy case.


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