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

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

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

Order (WITH REVISION MADE BY THE COURT) (Interim) Granting Motion Of Hercules Offshore, Inc., et al., For Entry Of Interim And Final Orders (A) Authorizing The Debtors To (I) Continue To Operate Their Cash Management System, (II) Honor Certain Prepetition Obligations Related Thereto, (III) Maintain Existing Business Forms, And (IV) Continue To Perform Intercompany Transactions, (B) Authorizing And Directing The Debtors Banks To Honor All Related Payment Requests, (C) Waiving The Debtors Compliance With Investment Guidelines Set Forth In Section 345(B) Of The Bankruptcy Code And (D) Granting Related Relief. (related document(s)[10]) Order Signed on 8/14/2015. (LMD)

Hercules Offshore, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 13, 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 15-11685. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Baker Botts LLP is acting as lead bankruptcy counsel to Hercules Offshore, Inc. in the bankruptcy case.


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