Boomerang Systems, Inc. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Use Cash Management Systems

On September 2, 2015, an objection to the motion for authority to use cash management systems was filed in the bankruptcy case of Boomerang Systems, Inc. and its affiliates.

The filing was assigned docket number 70 and is described on the court’s official docket as follows:

Limited Objection to (A) Motion of the Debtors for a Final Order Authorizing (I) Maintenance of Certain Existing Bank Accounts, (II) Continued Use of Existing Checks and Business Forms, and (III) Continued Use of Existing Cash Management System and (B) Motion of the Debtors for a Final Order Pursuant to 11 U.S.C. 105, 361, 362, 364(c)(1), 364(c)(2), 364(c)(3), 364(d)(1), 364(e) Authorizing the Debtors to I (A) Obtain Postpetition Secured Super-Priority Financing, and (B) Utilize Cash Collateral of Prepetition Lender; (II) Scheduling a Final Hearing Pursuant to Bankruptcy Rules 4001(B) and 4001(C); and (III) Granting Related Relief (related document(s)[4], [9], [38], [48], [49]) Filed by Liberty Grande, LLC (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C # (4) Exhibit D # (5) Certificate of Service) (Richenderfer, Linda)

Boomerang Systems, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 18, 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 15-11729. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Togut, Segal & Segal LLP is acting as lead bankruptcy counsel to Boomerang Systems, Inc. in the bankruptcy case.


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