Offshore Group Investment Limited Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On December 3, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Offshore Group Investment Limited and its affiliates.

The filing was assigned docket number 10 and is described on the court’s official docket as follows:

Motion to Approve Use of Cash Collateral (Motion of Debtors (I) For Interim and Final Authority to Use Cash Collateral Pursuant to 11 U.S.C. § 363, (II) For Interim and Final Authority to Grant Adequate Protection to Secured Parties Pursuant to 11 U.S.C. §§ 361, 362, AND 363, (III) To Schedule Final Hearing Pursuant to Bankruptcy Rule 4001(b), and (IV) For Related Relief Filed By Offshore Group Investment Limited (Shapiro, Zachary)

Offshore Group Investment Limited filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 3, 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 15-12422. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Weil, Gotshal & Manges LLP is acting as lead bankruptcy counsel to Offshore Group Investment Limited in the bankruptcy case.


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