Lincoln Paper and Tissue, LLC Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On September 28, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Lincoln Paper and Tissue, LLC and its affiliates.

The filing was assigned docket number 6 and is described on the court’s official docket as follows:

Debtor’s Chapter 11 First Day Motion – Motion for Order (I) Authorizing the Debtor to (A) Obtain Postpetition Financing on an Interim Basis and (B) Utilize Cash Collateral of Pre-Petition Secured Parties on an Interim Basis, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay, (IV) Granting Related Relief, Pursuant to 11 U.S.C. Sections 105, 361, 362, 363(c), (D) & (E), 364(C), 364(D)(1), 364(E) and 507(B), and (V) Scheduling a Final Hearing Authorizing Financing on a Final Basis Pursuant to Bankruptcy Rule 4001 Filed by Lincoln Paper and Tissue, LLC. Hearing scheduled for 9/29/2015 at 02:30 PM at Bankruptcy Courtroom, Portland. Objections due by 9/29/2015. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C #4 Exhibit D # 5 Exhibit E # 6 Proposed Order) (McKeon, Timothy) (Entered: 09/28/2015)

Lincoln Paper and Tissue, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 28, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Maine. The case number for the lead bankruptcy case is 15-10715. The bankruptcy case is currently assigned to United States Bankruptcy Judge Peter Cary. The law firm of Bernstein, Shur, Sawyer & Nelson, P.A. is acting as lead bankruptcy counsel to Lincoln Paper and Tissue, LLC in the bankruptcy case.


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