Signal International, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On July 14, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Signal International, Inc. and its affiliates.

The filing was assigned docket number 57 and is described on the court’s official docket as follows:

Order (INTERIM) (I) Authorizing Continued Use of Existing Cash Management System and Procedures, (II) Authorizing Continuation of Intercompany Transactions and Granting Postpetition Intercompany Claims Administrative Expense Status, (III) Authorizing Maintenance and Use of Existing Bank Accounts, and (IV) Waiving the Requirements of Section 345 of the Bankruptcy Code on an Interim Basis (related document(s)[4]) 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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