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Hallwood Energy, L.P.
Hallwood Energy Bankruptcy Update
March 22nd, 2009
Hallwood Energy, L.P. ("Hallwood Energy"), which filed its petition under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Northern District of Texas on March 1, 2009, announced that it had been granted authority, on an interim basis, to use cash collateral. A final hearing on the use of cash collateral will be held on April 1, 2009. The ability to use cash collateral will allow Hallwood Energy to continue to operate for at least the next thirty days. In addition to being granted use of cash collateral, several other of the company's first day motions were granted, including its ability to continue to pay its employees and their...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-22)
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