Saint Michael’s Medical Center, Inc.  Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On August 11, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Saint Michael’s Medical Center, Inc.  and its affiliates.

The filing was assigned docket number 32 and is described on the court’s official docket as follows:

INTERIM ORDER AUTHORIZING DEBTORS IN POSSESSION TO (I) OBTAIN POSTPETITION FINANCING PURSUANT TO 11 U.S.C. §§ 105, 362 AND 363, AND 364, (II) GRANT LIENS AND SUPERPRIORITY CLAIMS TO POSTPETITION LENDERS PURSUANT TO 11 U.S.C. §§ 364; AND (III) SCHEDULING FINAL HEARING PURSUANT TO BANKRUPTCY RULES 4001(B) AND (C) AND LOCAL BANKRUPTCY RULE 4001-4(related document:[13] Motion re: for (A) Entry of Interim and Final Orders (I) Authorizing the Debtors to Obtain Post-Petition Secured Financing Pursuant to 11 U.S.C. Sections 362 and 364(c), (II) Granting Liens and Superpriority Claims to the DIP Lender Pursuant to 11 U.S.C. Sections 364 and 507, (III) Authorizing Use of Cash Collateral Pursuant to 11 U.S.C. Section 363, and (IV) Granting Adequate Protection to Prepetition Secured Parties Pursuant to 11 U.S.C. Sections 361, 362, 363 and 507; and (B) Scheduling a Final Hearing Pursuant to Bankruptcy Rule 4001 and Local Bankruptcy Rule 4001-4, Filed by Michael D. Sirota on behalf of Saint Michael’s Medical Center, Inc.. (Attachments: # 1 Application # 2 Exhibit A – Proposed Interim DIP Order # 3 Exhibit B – DIP Term Sheet # 4 Exhibit C – DIP Budget # 5 Exhibit D – Proposed Interim Cash Collateral Order # 6 Declaration of Thomas Buck in Support of Motion) filed by Debtor Saint Michael’s Medical Center, Inc.). Service of notice of the entry of this order pursuant to Rule 9022 was made on the appropriate parties. See BNC Certificate of Notice. Signed on 8/11/2015. (nds)

Saint Michael’s Medical Center, Inc.  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 10, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Jersey. The case number for the lead bankruptcy case is 15-24999. The bankruptcy case is currently assigned to United States Bankruptcy Judge Vincent Papalia. The law firm of Cole, Schotz, Meisel, Forman & Leonard, P.A. is acting as lead bankruptcy counsel to Saint Michael’s Medical Center, Inc.  in the bankruptcy case.


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