Hovensa L.L.C. Bankruptcy New Filing Alert: Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On December 10, 2015, a motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Hovensa L.L.C. and its affiliates.

The filing was assigned docket number 425 and is described on the court’s official docket as follows:

Motion / Debtor’s Motion for an Expedited Hearing on the Debtor’s Motion for Authority to Honor the Consultant Agreements and Pay the Contractual Bonuses to the Consultants Filed by Debtor Hovensa L.L.C. (Attachments: # (1) Exhibit A # (2) Exhibit B) (Marinuzzi, Lorenzo)

Hovensa L.L.C. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 15, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Virgin Islands. The case number for the lead bankruptcy case is 15-10003. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Morrison & Foerster LLP is acting as lead bankruptcy counsel to Hovensa L.L.C. in the bankruptcy case.


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