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

On August 21, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Boomerang Systems, Inc. and its affiliates.

The filing was assigned docket number 48 and is described on the court’s official docket as follows:

Order [INTERIM] (I) Authorizing the Debtor to (A) Obtain Post-Petition Financing to a Pre-Petition Credit Agreement and (B) Utilize Cash Collateral; (II) Granting Adequate Protection; and (III) Scheduling Final Hearing (related document(s)47). Signed on 8/21/2015. (SJS) (Entered: 08/21/2015)

Boomerang Systems, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 18, 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 15-11729. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Togut, Segal & Segal LLP is acting as lead bankruptcy counsel to Boomerang Systems, Inc. in the bankruptcy case.


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