TransCoastal Corporation Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On December 11, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of TransCoastal Corporation and its affiliates.

The filing was assigned docket number 42 and is described on the court’s official docket as follows:

Order (I) Authorizing continued use of existing business forms and records, (II) Authorizing maintenance of existing corporate bank accounts and cash management system, (III) Waiving certain U.S. Trustee requirements,and (IV) Providing interim relief as to the Green Bank Corporate accounts and scheduling a final hearing thereon (related document # [5]) Entered on 12/11/2015. (Dugan, S.)

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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