RCS Capital Corporation Bankruptcy New Filing Alert: Order Regarding The Motion For Miscellaneous “First Day” Relief

On February 2, 2016, an order regarding the motion for miscellaneous “first day” relief was filed in the bankruptcy case of RCS Capital Corporation and its affiliates.

The filing was assigned docket number 59 and is described on the court’s official docket as follows:

Order (I) Authorizing (A) Payment Of Prepetition Obligations Incurred In The Ordinary Course Of Business IN Connection With Insurance Programs, Including Payment Of Policy Premiums, And (B) Continuation Of Insurance Premium Financing Programs; And (II) Authorizing Banks To Honor And Process Check And Electronic Transfer Requests Related Thereto. (Related Doc # [5]) Order Signed on 2/2/2016. (BJM)

RCS Capital Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 31, 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 16-10223. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Dechert LLP is acting as lead bankruptcy counsel to RCS Capital Corporation in the bankruptcy case.


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