Hovensa L.L.C. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On September 17, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Hovensa L.L.C. and its affiliates.

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

Order (Interim) Granting Motion (I) Authorizing Maintenance of Existing Bank Accounts and Cash Management System; (II) Authorizing Continued Use of Existing Business Forms and Records; and (III) Waiving the Requirements of 11 U.S.C. Section 345(b) (Related Doc # [12]) Signed on 9/17/2015. (Capp, Laurie)

Hovensa L.L.C. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 15, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Virgin Islands. The case number for the lead bankruptcy case is 15-10003. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Morrison & Foerster LLP is acting as lead bankruptcy counsel to Hovensa L.L.C. in the bankruptcy case.


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