New Gulf Resources, LLC Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Pay Claims Of Vendors

On January 20, 2016, an order regarding the motion for authority to pay claims of vendors was filed in the bankruptcy case of New Gulf Resources, LLC and its affiliates.

The filing was assigned docket number 189 and is described on the court’s official docket as follows:

Order (Second Interim) (I) Authorizing Debtors to Pay or Honor Prepetition and Post-Petition (A) Obligations to Holders of Royalty Interests Overriding Royalty Interests, and Working Interests and (B) Lease Operating Expenses; and (II) Granting Related Relief (related document(s)[7], [38], [188]) Order Signed on 1/20/2016. (MML)

New Gulf Resources, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 17, 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 15-12566. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Baker Botts LLP is acting as lead bankruptcy counsel to New Gulf Resources, LLC in the bankruptcy case.


Leave a Reply