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

On October 13, 2015, an order regarding the 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 57 and is described on the court’s official docket as follows:

Order (I) Authorizing And Approving Use Of Prepetition Cash Management System, (II)Authorizing Continued Use Of Prepetition Bank Accounts And Business Forms, (III) Waiving The Requirements Of 11 U.S.C 345(b) On An Interim Basis, And (IV) Allowing Banks To Continue To Setoff Ordinary Administrative Fees Against The Debtors Bank Accounts (related document(s)[8]) Order Signed on 10/13/2015. (DM)

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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