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

On March 18, 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 393 and is described on the court’s official docket as follows:

Motion to Shorten the Time for Notice of Debtors’ Emergency Motion for Entry of Interim and Final Orders Pursuant to Sections 105, 361, 362, 363, and 364 of the Bankruptcy Code and Bankruptcy Rules 2002, 4001, and 9014: (I) Authorizing Post-Petition Financing, (II) Granting Liens and Providing Superpriority Administrative Expense Priority, (III) Modifying the Automatic Stay, and (IV) Scheduling a Final Hearing (related document(s)[390]) Filed by Newbury Common Associates, LLC. (Attachments: # (1) Proposed Form of Order) (Kandestin, Maris)

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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