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Incurring Post Petition Debt

Posted: Wed Oct 26, 2016 3:02 pm
by Yahoo Bot

The attached is not the best example and I should have referred to 364, but
in any event, at the hearing, I was able to argue to allow the debtor to
incur postpetition, short term (ordinary course) trade debt. By the way,
AMEX was shut off (of course - we knew that would happen), so you can
ignore those references in the motion, but Judge Pappas allowed the debtor
to use insider credit cards for the short term debt. See attached order as
well.
Holly Roark
Certified Bankruptcy Specialist*
*and Sports Lawyer*
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
*Central District of California & District of Idaho* - Consumer Bankruptcy
Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067
T (310) 553-2600; F (310) 553-2601
*By State Bar of California Board of Legal Specialization
On Wed, Oct 26, 2016 at 2:14 PM, attorney@brianmcgoldrick.com [cdcbaa] wrote:
>
>
> Can anyone point me to a case number where you have made a motion to incur
> post petition debt in a chapter 11?
>
> Just looking for a motion.
>
> Thanks for your help.
>
> Brian J. McGoldrick
> attorney@brianmcgoldrick.com
>
>
>
>
The attached is not the best example and I should have referred to 364, but in any event, at the hearing, I was able to argue to allow the debtor to incur postpetition, short term (ordinary course) trade debt. By the way, AMEX was shut off (of course - we knew that would happen), so you can ignore those references in the motion, but Judge Pappas allowed the debtor to use insider credit cards for the short term debt. See attached order as well.
The post was migrated from Yahoo.