UGHS Senior Living, Inc. Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On November 11, 2015, a motion for authority to use cash management systems was filed in the bankruptcy case of UGHS Senior Living, Inc. and its affiliates.

The filing was assigned docket number 13 and is described on the court’s official docket as follows:

Emergency Motion Debtors’ Emergency Motion for Interim and Final Orders (i) Authorizing (a) the Continued Use of Existing Cash Management System, Bank Accounts, Business Forms, and Deposit and Investment Practices; (b) Payment of Related Prepetition Obligations and (c) a Waiver of Certain Operating Guidelines Relating to Bank Accounts; and (ii) Authorizing Continued Engagement in Intercompany Transactions Pursuant to 11 U.S.C. 105(a), 345, and 363, Fed. R. Bankr. P. 6003 and 6004 Filed by Debtor UGHS Senior Living, Inc. (Attachments: # (1) Proposed Order) (Power, Aaron)

UGHS Senior Living, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 10, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Texas . The case number for the lead bankruptcy case is 15-80399. The bankruptcy case is currently assigned to United States Bankruptcy Judge Letitia Paul. The law firm of Porter & Hedges, L.L.P. is acting as lead bankruptcy counsel to UGHS Senior Living, Inc. in the bankruptcy case.


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