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

On October 30, 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 154 and is described on the court’s official docket as follows:

Motion to Expedite Hearing related to the Motion for Technical Correction of Lender Party Definitions in Order (I) Authorizing the Debtor to (A) Obtain Postpetition Financing on a Final Basis and (B) Utilize Cash Collateral of Pre-Petition Secured Parties on a Final Basis, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay, and (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) Filed by Lincoln Paper and Tissue, LLC (related document(s):[153] Generic Motion filed by Debtor Lincoln Paper and Tissue, LLC). Hearing scheduled for 11/20/2015 at 10:30 AM at Bankruptcy Courtroom, Portland. Objections due by 11/20/2015. (Attachments: # (1) Proposed Order) (Zahradka, Lindsay)

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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