Advance Watch Company Ltd. (a/k/a Geneva Watch Group) Bankruptcy New Filing Alert: Response To The Motion For Authority To Obtain Debtor-In-Possession Financing

On November 5, 2015, a response to the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Advance Watch Company Ltd. (a/k/a Geneva Watch Group) and its affiliates.

The filing was assigned docket number 140 and is described on the court’s official docket as follows:

Response of Wells Fargo Bank, National Association to the Objection of the Official Committee of Unsecured Creditors to the Debtors Motion for Entry of Interim and Final Orders (i) Authorizing the Debtors to Obtain Postpetition Financing and Grant Security Interests and Superpriority Administrative Expense Status; (ii) Modifying the Automatic Stay; (iii) Authorizing the Debtors to Enter Into Agreements With Wells Fargo Bank, National Association; (iv) Scheduling a Final Hearing; and (v) Granting Related Relief (related document(s)[133]) filed by Jonathan N. Helfat on behalf of Wells Fargo Bank, National Association. (Helfat, Jonathan)

Advance Watch Company Ltd. (a/k/a Geneva Watch Group) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 30, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 15-12690. The bankruptcy case is currently assigned to United States Bankruptcy Judge Martin Glenn. The law firm of Venable LLP is acting as lead bankruptcy counsel to Advance Watch Company Ltd. (a/k/a Geneva Watch Group) in the bankruptcy case.

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