Seventy Seven Finance Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On June 7, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Seventy Seven Finance Inc. and its affiliates.

The filing was assigned docket number 12 and is described on the court’s official docket as follows:

Motion to Approve Use of Cash Collateral Debtors’ Motion for Entry of Interim and Final Orders Pursuant to 11 U.S.C. ยงยง 105, 361, 362, 363, 364, and 507 and Fed. R. Bankr. P. 2002, 4001 and 9014 (I) Authorizing Debtors and Debtors in Possession to Obtain Postpetition Financing, (II) Authorizing Use of Cash Collateral, (III) Granting Liens and Super-Priority Claims, (IV) Granting Adequate Protection to Prepetition Secured Lenders, (V) Modifying the Automatic Stay; (VI) Scheduling a Final Hearing, and (VII) Granting Related Relief Filed By Seventy Seven Finance Inc. (Attachments: # (1) Exhibit A)(Remming, Andrew)

Seventy Seven Finance Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 7, 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 16-11409. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurie Selber Silverstein. The law firm of Baker Botts LLP is acting as lead bankruptcy counsel to Seventy Seven Finance Inc. in the bankruptcy case.


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