SFX Entertainment, Inc. Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On February 1, 2016, a motion for authority to use cash management systems was filed in the bankruptcy case of SFX Entertainment, Inc. and its affiliates.

The filing was assigned docket number 3 and is described on the court’s official docket as follows:

Motion to Maintain Bank Accounts // Motion of the Debtors for Entry of Interim and Final Orders (A) Authorizing the Maintenance of Bank Accounts and Continued Use of Existing Business Forms and Checks, (B) Authorizing the Continued Use of Cash Management System, (C) Waiving Certain Investment and Deposit Guidelines and (D) Granting Administrative Expense Status to Postpetition Intercompany Claims Filed By SFX Entertainment, Inc. (Attachments: # 1 Exhibit A, B # 2 Proposed Form of Order)(Meloro, Dennis) (Entered: 02/01/2016)

SFX Entertainment, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on February 1, 2016. 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 16-10238. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Greenberg Traurig, LLP is acting as lead bankruptcy counsel to SFX Entertainment, Inc. in the bankruptcy case.


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