TransCoastal Corporation Bankruptcy New Filing Alert: Motion For Authority To Pay Claims Of Vendors

On December 8, 2015, a motion for authority to pay claims of vendors was filed in the bankruptcy case of TransCoastal Corporation and its affiliates.

The filing was assigned docket number 8 and is described on the court’s official docket as follows:

Motion to pay Debtors’ Emergency Motion for an Order Pursuant to Bankruptcy Sections 105(a) and 363(b), (I) Authorizing the Debtors to Pay Certain Prepetition Obligations on Account of Royalties, Overriding Royalty Interests, and Severance Taxes and (II) Authorizing Banks to Honor and Process Related Checks and Electronic Transfers Filed by Debtor TransCoastal Corporation (Attachments: # 1 Proposed Order) (Pezanosky, Stephen)

TransCoastal Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 8, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Texas . The case number for the lead bankruptcy case is 15-34956. The bankruptcy case is currently assigned to United States Bankruptcy Judge Harlin DeWayne Hale . The law firm of Haynes & Boone, LLP is acting as lead bankruptcy counsel to TransCoastal Corporation in the bankruptcy case.


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