Phoenix Brands LLC Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On May 19, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Phoenix Brands LLC and its affiliates.

The filing was assigned docket number 14 and is described on the court’s official docket as follows:

Motion to Approve Use of Cash Collateral Motion for Entry of Interim and Final Orders Pursuant to 11 U.S.C. §§ 105, 107, 361, 362, 363, 364, and 507 and Rules 2002, 4001, 9014, and 9018 of the Federal Rules of Bankruptcy Procedure (I) Authorizing the Debtors to (A) Use Cash Collateral, and (B) Obtain Post-Petition Financing, and; (II) Granting Liens and Super-Priority Claims; (III) Scheduling a Final Hearing; and (IV) Granting Related Relief Filed By Phoenix Brands LLC (Attachments: # 1Exhibit A # 2 Exhibit B)(Jones, Laura Davis) (Entered: 05/19/2016)

Phoenix Brands LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 19, 2016. 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 16-11242. The bankruptcy case is currently assigned to United States Bankruptcy Judge Judge Not Yet Assigned. The law firm of Morrison Cohen LLP is acting as lead bankruptcy counsel to Phoenix Brands LLC in the bankruptcy case.


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