Walter Energy, Inc. Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On July 15, 2015, a motion for authority to use cash management systems was filed in the bankruptcy case of Walter Energy, Inc. and its affiliates.

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

Motion Regarding Chapter 11 First Day Motions The Debtors Motion for an Order (A) (I) Approving Continued Use of the Debtors Existing Cash Management System, (II) Authorizing Use of Existing Bank Accounts and Checks, (III) Waiving the Requirements of 11 U.S.C. § 345(b), (IV) Granting Administrative Expense Status to Postpetition Intercompany Claims, and (V) Authorizing the Continuation of Certain Intercompany Transactions; and (B) Granting Related Relief Filed by Debtor Walter Energy, Inc. (Darby) (Entered: 07/15/2015)

Walter Energy, Inc. 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 Northern District of Alabama . The case number for the lead bankruptcy case is 15-02741. The bankruptcy case is currently assigned to United States Bankruptcy Judge Tamara Mitchell. The law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as lead bankruptcy counsel to Walter Energy, Inc. in the bankruptcy case.


Leave a Reply