Boomerang Systems, Inc. Bankruptcy New Filing Alert: Affidavit Or Declaration Regarding Motion For Authority To Obtain Debtor-In-Possession Financing

On September 9, 2015, an affidavit or declaration regarding motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Boomerang Systems, Inc. and its affiliates.

The filing was assigned docket number 99 and is described on the court’s official docket as follows:

Declaration of James Gelly in Support of Omnibus Reply to Objections to the Motion of the Debtors for Interim and Final Orders 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)[98]) Filed by Boomerang Systems, Inc.. (Attachments: # (1) Exhibit A — Sample Consent from a Required Lender # (2) Exhibit B — August 20, 2015 Notification # (3) Exhibit C — S.D.N.Y. Complaint Against Parking Source) (McMahon, Joseph)

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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