Alpha Natural Resources, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On August 5, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Alpha Natural Resources, Inc. and its affiliates.

The filing was assigned docket number 87 and is described on the court’s official docket as follows:

Interim Order, Pursuant to Sections 345, 363(c)(1), 503(b)(1) and 553 of the Bankruptcy Code and Bankruptcy Rules 6003(b) and 6004(h): (A) Approving the Continued Use of the Debtors’ Cash Management System, Bank Accounts and Business Forms; (B) Granting a Waiver of the Requirements of Section 345(b) and Certain of the US Trustee’s Operating Guidelines; (C) Permitting Continued Intercompany Transactions; (D) Preserving and Permitting the Exercise of Intercompany Setoff Rights; and (E) Authorizing Banks to Honor Certain Transfers and Charge Certain Fees and Other Amounts (Related Doc # [25]) (Luedecke, Tammy)

Alpha Natural Resources, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 3, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of Virginia . The case number for the lead bankruptcy case is 15-33896. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Huennekens. The law firm of Jones Day LLP is acting as lead bankruptcy counsel to Alpha Natural Resources, Inc. in the bankruptcy case.


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