Armada Water Assets, Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On May 23, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Armada Water Assets, Inc. and its affiliates.

The filing was assigned docket number 8 and is described on the court’s official docket as follows:

Emergency Motion , in addition to Motion Regarding Chapter 11 First Day Motions , in addition to Motion to Borrow. Objections/Request for Hearing Due in 15 days., in addition to Motion to Use Cash Collateral Filed by Debtor Armada Water Assets, Inc. (Attachments: # 1 Exhibit A – Cash Budget # 2 Proposed Order Interim Order on DIP Financing and Cash Collateral Use) (Ray, Hugh) (Entered: 05/23/2016)

Armada Water Assets, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 23, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Texas . The case number for the lead bankruptcy case is 16-60056. The bankruptcy case is currently assigned to United States Bankruptcy Judge David Jones. The law firm of McKool Smith, P.C. is acting as lead bankruptcy counsel to Armada Water Assets, Inc. in the bankruptcy case.


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