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2020-07-24_GENERAL DOCUMENTS - C1980004
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2020-07-24_GENERAL DOCUMENTS - C1980004
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Last modified
1/8/2025 6:21:48 AM
Creation date
7/27/2020 10:36:57 AM
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DRMS Permit Index
Permit No
C1980004
IBM Index Class Name
General Documents
Doc Date
7/24/2020
Doc Name Note
Case No. 20-12043 (GRH) Hopedale Mining LLC
Doc Name
Notice of Agenda For Expedited Virtual Hearing on the First Day Motions Scheduled for July 24, 2020
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
JRS
JDM
GRM
CMM
CCW
Media Type
D
Archive
No
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Case 1:20-bk-12043 Doc 3 Filed 07/22/20 Entered 07/22/20 17:38:25 Desc Main <br /> Document Page 23 of 42 <br /> Kentucky Reclamation Guaranty Fund (the "Miscellaneous State Taxes"). The Debtors are <br /> required to pay the Miscellaneous State Taxes to the relevant Authorities on a quarterly basis. <br /> 54. The Debtors seek entry of interim and final orders, subject to and in compliance <br /> with any DIP Order: (i) authorizing, but not requiring, the Debtors, in their sole discretion, to pay <br /> the Taxes and (ii) authorizing financial institutions to receive, process, honor and pay checks or <br /> wire transfers used by the Debtors to pay such Taxes. <br /> 55. The Debtors believe that some of the Taxes collected pre-petition may not be <br /> property of the Debtors' estates and might for that reason be turned over to the Governmental <br /> Authorities. To the extent that they are not actually the property of the Governmental <br /> Authorities, they may well give rise to priority claims. Moreover, the Debtors also seek <br /> authority to pay Taxes in order to forestall the Governmental Authorities from taking actions that <br /> might interfere with the Debtors' businesses, such as blocking the receipt or renewal of permits <br /> required for the Debtors' continued operations or possibly bringing personal liability actions <br /> against directors, officers and other employees in connection with non-payment of the Taxes. <br /> Actions against the Debtors' directors, officers and other employees would likely distract key <br /> personnel, whose full-time attention to the Chapter 11 Cases is required, and would likely cause <br /> potential business disruptions. Any such business disruptions would likely erode the Debtors' <br /> customer base and negatively affect the Chapter 1 1 Cases. Accordingly, the Debtors submit that <br /> the proposed relief is in the best interest of the Debtors' estates. <br /> E. DEBTORS' MOTION FOR ENTRY OF INTERIM AND FINAL ORDERS (I) <br /> AUTHORIZING THE DEBTORS TO PAY CERTAIN PRE-PETITION CLAIMS <br /> OF (A) SHIPPERS, (B) WAREHOUSEMEN, AND (C) SERVICE PROVIDERS, <br /> AND (II) GRANTING RELATED RELIEF <br /> 56. In operating their businesses, the Debtors also rely on (a) common carriers, <br /> movers, shippers, freight forwarders/consolidators, delivery services, trucking and rail <br /> 23 <br />
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