East Orange General Hospital, Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On November 20, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of East Orange General Hospital, Inc. and its affiliates.

The filing was assigned docket number 55 and is described on the court’s official docket as follows:

Motion re: for Interim and Final Orders (I) Authorizing the Debtors to Obtain Post-Petition Financing Pursuant to 11 U.S.C. §§ 105(a), 362 and 364(c), (II) Granting Liens and Superpriority Claims to the DIP Lender Pursuant to 11 U.S.C. §§ 364(c), (III) Modifying the Automatic Stay; (IV) Authorizing Use of Cash Collateral Pursuant to 11 U.S.C. § 363; (V) Granting Adequate Protection Pursuant to 11 U.S.C. §§ 361 and 363; and (VI) Scheduling a Final Hearing Pursuant To Bankruptcy Rule 4001 Filed by Kenneth A. Rosen on behalf of East Orange General Hospital, Inc.. (Attachments: # (1) Exhibit A – Proposed Interim DIP Order # (2) Exhibit B – DIP Term Sheet # (3) Exhibit C – DIP Budget) (Rosen, Kenneth)

East Orange General Hospital, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 10, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Jersey. The case number for the lead bankruptcy case is 15-31232. The bankruptcy case is currently assigned to United States Bankruptcy Judge Vincent Papalia. The law firm of Lowenstein Sandler PC is acting as lead bankruptcy counsel to East Orange General Hospital, Inc. in the bankruptcy case.


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