Palmaz Scientific Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing





On March 4, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Palmaz Scientific Inc. and its affiliates.

The filing was assigned docket number 15 and is described on the court’s official docket as follows:

Motion for Interim Approval of (1) Post-Petition Secured and Super Priority Financing Pursuant to 11 USC 364(c) and (d) of the Bankruptcy Code, (2) Authority for Consensual Use of Cash Collateral and (3) Grant of Adequate Protection filed by Michael M. Parker for Debtor Palmaz Scientific Inc. (Attachments: # 1 Proposed Order # 2 Exhibit # 3 Exhibit # 4 Exhibit)(Parker, Michael)

Palmaz Scientific Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 4, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Western District of Texas . The case number for the lead bankruptcy case is 16-50552. The bankruptcy case is currently assigned to United States Bankruptcy Judge Craig Gargotta. The law firm of Norton Rose Fulbright US LLP is acting as lead bankruptcy counsel to Palmaz Scientific Inc. in the bankruptcy case.

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