Offshore Group Investment Limited Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On December 4, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Offshore Group Investment Limited and its affiliates.

The filing was assigned docket number 45 and is described on the court’s official docket as follows:

Order (INTERIM) Authorizing Debtors To (A) Continue Existing Cash Management System, (B) Establish Transitional Credit Card Program, (C) Maintinan Business Forms And Existing Bank Accounts, And (D) Continue Intercompany Arrangements; (II) Waiver Of The Requirement Of Section 345(b) Of The Bankruptcy Code Pursuant To Sections 105(a), 345(b), 363(b)(1), And 363(c)(1) Of The Bankruptcy Code And Bankruptcy Rules 6003 And 6004; And (III) Granting Related Relief. (Related Doc # [11]) Order Signed on 12/4/2015. (Attachments: # (1) Schedule 1) (BJM)

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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