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2015-03-04_GENERAL DOCUMENTS - M1982090
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2015-03-04_GENERAL DOCUMENTS - M1982090
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Last modified
8/24/2016 5:58:01 PM
Creation date
3/4/2015 11:16:04 AM
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DRMS Permit Index
Permit No
M1982090
IBM Index Class Name
GENERAL DOCUMENTS
Doc Date
3/4/2015
Doc Name
Notice of Debtors Motion for Order Approving Form of Notice to Equity Security Holders
From
Snell & Wilmer L.L.P
To
DRMS
Email Name
WHE
GRM
Media Type
D
Archive
No
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expenses. Such discretion is contemplated by the flexibility of § 363, which allows the Debtors <br />to engage in ordinary course transactions without oversight. Here, the Debtors seek to use the <br />funds to pay either ordinary course expenses or expenses that have a sound business purpose. <br />Accordingly, the Debtors should have discretion to determine how best to allocate the funds <br />without oversight. <br />V. CONCLUSION <br />The, Debtors have necessary operational and administrative expenses that must be paid to <br />allow the Debtors to continue to operate. The Debtors therefore respectfully request that the <br />Court enter an order authorizing the Debtors to use up to $20,000 of their cash on hand to pay <br />their ongoing operational expenses summarized in the Budget, with the Debtors to exercise their <br />discretion to determine how best to allocate the funds to pay the estates' administrative expenses, <br />exclusive of legal fees and expenses. A proposed form of order is attached hereto as Exhibit B. <br />DATED: February 27, 2015. <br />SNELL & WILMER L.L.P. <br />/s/ David E. Leta <br />David E. Leta (USB # 1937) <br />Andrew V. Hardenbrook (USB # 15371) <br />Counsel for Federal Resources Corporation and <br />Camp Bird Colorado, Inc. <br />21086535 5 <br />
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