Taylor-Wharton International LLC (2015) Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On October 7, 2015, a motion for authority to use cash management systems was filed in the bankruptcy case of Taylor-Wharton International LLC (2015) and its affiliates.

The filing was assigned docket number 8 and is described on the court’s official docket as follows:

Motion to Maintain Bank Accounts /Debtors Motion Pursuant to 11 U.S.C. §§ 105(a) and 345(b), Fed. R. Bankr. P. 2015 and Del. Bankr. L.R. 2015-2 for an Order (I) Authorizing and Approving Use of Prepetition Cash Management System, (II) Authorizing Continued Use of Prepetition Bank Accounts and Business Forms, (III Authorizing Intercompany Transactions, (IV) Waiving The Requirements of 11 U.S.C. § 345(b) on an Interim Basis, and (V) Allowing Banks to Continue to Setoff Ordinary Administrative Fees Against the Debtors Bank Accounts Filed By Taylor-Wharton International LLC (Attachments: # 1 Exhibit A)(Falgowski, Justin) (Entered: 10/07/2015)

Taylor-Wharton International LLC (2015) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 7, 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 15-12075. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Reed Smith LLP is acting as lead bankruptcy counsel to Taylor-Wharton International LLC (2015) in the bankruptcy case.


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