Boomerang Systems, Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On December 7, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Boomerang Systems, Inc. and its affiliates.

The filing was assigned docket number 309 and is described on the court’s official docket as follows:

Motion to Approve Debtors’ Motion for Entry of an Order (I) Approving First Amendment to Debtor-in-Possession Loan Agreement and (II) Amending Order Authorizing Debtors to Obtain Post-Petition Financing (related document(s)[200]) Filed by Boomerang Systems, Inc.. (Attachments: # (1) Exhibit A — Proposed Order # (2) Exhibit B — First Amendment to Credit Agreement) (McMahon, Joseph)

Boomerang Systems, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 18, 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 15-11729. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Togut, Segal & Segal LLP is acting as lead bankruptcy counsel to Boomerang Systems, Inc. in the bankruptcy case.


Leave a Reply