Parallel Energy LP Bankruptcy New Filing Alert: Objection To The Motion For Authority To Use Cash Management Systems

On November 30, 2015, an objection to the motion for authority to use cash management systems was filed in the bankruptcy case of Parallel Energy LP and its affiliates.

The filing was assigned docket number 73 and is described on the court’s official docket as follows:

Objection to Motion of the Debtors for Interim and Final Orders Approving (A) Maintenance of Pre-Petition Bank Accounts and Cash Management System; and (B) Continued Use of Existing Checks and Business Forms (related document(s)[5]) Filed by United States Trustee (Casey, Linda)

Parallel Energy LP filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 9, 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 15-12263. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Thompson & Knight LLP is acting as lead bankruptcy counsel to Parallel Energy LP in the bankruptcy case.


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