Advance Watch Company Ltd. (a/k/a Geneva Watch Group) Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing





On October 23, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Advance Watch Company Ltd. (a/k/a Geneva Watch Group) and its affiliates.

The filing was assigned docket number 104 and is described on the court’s official docket as follows:

Second Interim Order signed on 10/23/2015 (I) Authorizing the Debtors to Obtain Postpetition Financing and Grant Security Interests and Superpriority Administrative Expense Status, (II) Modifying the Automatic Stay; (III) Authorizing the Debtors to Enter Into Agreements With Wells Fargo Bank, National Association; (IV) Rescheduling a Final Hearing; and (V) Granting Related Relief. Hearing to be Held on 11/2/2015 at 3:00 PM in Courtroom 501. (related document(s)[9]) (Anderson, Deanna)

Advance Watch Company Ltd. (a/k/a Geneva Watch Group) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 30, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 15-12690. The bankruptcy case is currently assigned to United States Bankruptcy Judge Martin Glenn. The law firm of Venable LLP is acting as lead bankruptcy counsel to Advance Watch Company Ltd. (a/k/a Geneva Watch Group) in the bankruptcy case.

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