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

On March 10, 2016, a 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 676 and is described on the court’s official docket as follows:

Motion for Order regarding Motion to Approve Stipulation and Order Approving Stipulation Between UMB Bank, N.A. and Official Committee of Unsecured Creditors With Respect to Stipulation and Final Order (I) Authorizing Secured Post-Petition Financing on a Superpriority Basis Pursuant to 11 U.S.C. 364, (II) Authorizing Use of Cash Collateral Pursuant to 11 U.S.C. 363 and 364, (III) Granting Adequate Protection Pursuant to 11 U.S.C. 363 and 364 (Doc. 181) Filed by Official Committee of Unsecured Creditors. (Attachments: # 1 Exhibit A) (Eggert, Devon) (Entered: 03/10/2016)

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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