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

On September 21, 2015, a stipulation regarding 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 63 and is described on the court’s official docket as follows:

Stipulation and Order by and between the undersigned Debtors, Management Companies and Citibank, N.A. that this Order shall continue until modified or terminated by further Order of this Court. No later than September 3, 10, and 22, 2015, the Debtors shall cause to be remitted to Citibank the sum of $159,802; and On or before the fifth (5th) day of each calendar month thereafter, commencing October 5, 2015, the Management Companies shall remit to Citibank the sum of $159,802 (RE: related document(s)[25] Motion to Authorize/Direct filed by Creditor CITIBANK, N.A., [30] Objection filed by Debtor Hypnotic Taxi LLC, [31] Objection filed by Interested Party Evgeny (Gene) Freidman, Interested Party Downtown Taxi Management, LLC, Woodside Management, Inc., Tunnel Taxi Management, LLC and 28th Street Management, Inc.). Signed on 9/21/2015 (aac)

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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