Newbury Common Associates, LLC Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On February 4, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Newbury Common Associates, LLC and its affiliates.

The filing was assigned docket number 176 and is described on the court’s official docket as follows:

Motion to Approve Use of Cash Collateral – Emergency Motion of Debtors for Entry of Interim and Final Orders (I) Authorizing the Use of Cash Collateral; (II) Granting Adequate Protection to Prepetition Secured Parties; and (III) Scheduling a Final Hearing Filed By Newbury Common Associates, LLC Hearing scheduled for 2/5/2016 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #2, Wilmington, Delaware. (Attachments: # (1) Exhibit A # (2) Exhibit B1 # (3) Exhibit B2 # (4) Exhibit B3 # (5) Exhibit B4 # (6) Exhibit B5 # (7) Exhibit B6 # (8) Exhibit B7 # (9) Exhibit B8 # (10) Exhibit C and D)(Brady, Robert)

Newbury Common Associates, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 13, 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 15-12507. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurie Selber Silverstein. The law firm of Dechert LLP is acting as lead bankruptcy counsel to Newbury Common Associates, LLC in the bankruptcy case.


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