Hypnotic Taxi LLC Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On August 10, 2015, a motion for authority to use cash management systems was filed in the bankruptcy case of Hypnotic Taxi LLC and its affiliates.

The filing was assigned docket number 25 and is described on the court’s official docket as follows:

Motion to Authorize/Direct debtor to open Debtor-in-possession bank accounts and deposit to such accounts all cash of the debtors, including Citibank’s cash collateral, and for an accounting of the sums collected and directing the turnover to debtors by the Affiliated Managment Companies all property of debtors and for related relief and for examinations pursuant to Bankruptcy Rule 2004 Filed by Robert Guttmann on behalf of CITIBANK, N.A.. (Attachments: # (1) Declaration of Nathan Schwed # (2) Proposed order to show cause) (Guttmann, Robert)

Hypnotic Taxi LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 22, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of New York . The case number for the lead bankruptcy case is 15-43300. The bankruptcy case is currently assigned to United States Bankruptcy Judge Carla Craig. The law firm of Klestadt & Winters, LLP is acting as lead bankruptcy counsel to Hypnotic Taxi LLC in the bankruptcy case.


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