Bear Metallurgical Company & Gulf Chemical & Metallurgical Corporation Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing





On June 14, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Bear Metallurgical Company & Gulf Chemical & Metallurgical Corporation and its affiliates.

The filing was assigned docket number 7 and is described on the court’s official docket as follows:

Motion of Debtors for Interim and Final Orders: (I) Authorizing Debtors to Obtain Secured Post-Petition Financing and Use of Cash Collateral; (II) Granting Adequate Protection; (III) Modifying the Automatic Stay; (IV) Setting Final Hearing; and (V) Granting Related Relief Filed by Debtor Bear Metallurgical Company. (Attachments: # 1 Exhibit A – DIP Loan Agreement # 2 Exhibit B – Budget # 3 Proposed Order) (Kelleher, William) (Entered: 06/14/2016)

Bear Metallurgical Company & Gulf Chemical & Metallurgical Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 14, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Western District of Pennslyvania . The case number for the lead bankruptcy case is 16-22192. The bankruptcy case is currently assigned to United States Bankruptcy Judge Jeffrey Deller. The law firm of McDonald Hopkins LLC is acting as lead bankruptcy counsel to Bear Metallurgical Company & Gulf Chemical & Metallurgical Corporation in the bankruptcy case.

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