Axion International, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On December 4, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Axion International, Inc. and its affiliates.

The filing was assigned docket number 24 and is described on the court’s official docket as follows:

Order (WITH REVISIONS) (INTERIM) (I) Authorizing Debtors to (A) Obtain Secured DIP Facility (B) Granting Security Interests, Superpriority Claims and Adequate Protection and (C) and the use of Cash Collateral; and (II) Scheduling a Final Hearing. (related document(s)[11]) Order Signed on 12/4/2015. (Attachments: # (1) Exhibit A) (NAB)

Axion International, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 2, 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 15-12415. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Bayard, P.A. is acting as lead bankruptcy counsel to Axion International, Inc. in the bankruptcy case.


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