On May 11, 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 719 and is described on the court’s official docket as follows:
Motion to Authorize (I) Post-Petition Financing; (II) Authorize the Continued Use of Cash Collateral; and (III) Granting Related Relief Filed by Newbury Common Associates, LLC. Hearing scheduled for 6/1/2016 at 02:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #2, Wilmington, Delaware. Objections due by 5/25/2016. (Attachments: # (1) Notice # (2) Exhibit A # (3) Exhibit B # (4) Exhibit C) (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.