Gas-Mart USA, Inc. Bankruptcy New Filing Alert: Response To The Motion For Authority To Obtain Debtor-In-Possession Financing

On December 10, 2015, a response to the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Gas-Mart USA, Inc. and its affiliates.

The filing was assigned docket number 460 and is described on the court’s official docket as follows:

Joint Response AND RESERVATION OF RIGHTS OF UMB BANK, N.A. AND SUN LIFE ASSURANCE COMPANY OF CANADA TO PROPOSED BUDGET FOR THE PERIOD OF JANUARY 4, 2016 THROUGH JANUARY 31, 2016 PURSUANT TO STIPULATION AND FINAL ORDER (I) AUTHORIZING SECURED POSTPETITION FINANCING ON SUPER PRIORITY BASIS PURSUANT TO 11 U.S.C. ยง364, (II) AUTHORIZING USE OF CASH COLLATERALPursuant to 11 U.S.C. Sec(s)363 and 364, and (III) Granting Adequate Protection Pursuant to 11 U.S.C. Sec(s)363 and 364 filed by Sun Life Assurance Company of Canada, UMB Bank, n.a.. (related document(s)445 Notice of Motion (shortened time)) (Johnson, Eric) (Entered: 12/10/2015)

Gas-Mart USA, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 2, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Western District of Missouri . The case number for the lead bankruptcy case is 15-41915. The bankruptcy case is currently assigned to United States Bankruptcy Judge Arthur Federman. The law firm of Stinson Morrison Hecker LLP is acting as lead bankruptcy counsel to Gas-Mart USA, Inc. in the bankruptcy case.


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