Linc USA GP Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing





On June 15, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Linc USA GP and its affiliates.

The filing was assigned docket number 106 and is described on the court’s official docket as follows:

Motion Emergency Motion to Amend Debtor in Possession Credit Agreement Filed by Debtor Linc USA GP Hearing scheduled for 6/21/2016 at 02:00 PM at Houston, Courtroom 404 (MI). (Attachments: # (1) Exhibit A) (Dal Corso, Chelsea)

Linc USA GP filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 29, 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 16-32689. The bankruptcy case is currently assigned to United States Bankruptcy Judge David Jones. The law firm of Bracewell LLP is acting as lead bankruptcy counsel to Linc USA GP in the bankruptcy case.

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