Lyondell Chemical First Day Orders Entered

The bankruptcy court has entered several orders with respect to the “first day” motions and applications filed by Lyondell Chemical Company (for more information on the Lyondell first day pleadings, please see an earlier post which is available here).  Thus far, the bankruptcy court has entered the following orders (click on the title of an order to view the document using netDockets):

• Order Granting Motion for Joint Administration
• Order Granting Motion for an Order (I) Extending Time to File Schedules and Statements, (II) Authorizing Debtors to Prepare a Consolidated List of Creditors, (III) Waiving the Requirement that Debtors File a List of Creditors and (IV) Approving the Form and Manner of the Notice of Commencement
• Order Granting Motion for an Order Establishing Notice Procedures and a Master Service List
• Emergency Order signed on 1/7/2009 Authorizing Debtor to Obtain Post-Petition Financing
• Order Granting Motion for an Order Enforcing and Restating Automatic Stay and Ipso Facto Provisions
• Order Granting Motion for Entry of an Order Granting Administrative Expense Status to Debtors’ Undisputed Obligations Arising from the Postpetition Delivery of Goods Offered Prepetition
• Order Authorizing (I) Employment and Retention of Epiq Bankruptcy Solutions, LLC as Noticing and Claims Agent for the Debtors, and (II) the Appointment of Epiq Bankruptcy Solutions, LLC as Agent of the Bankruptcy Court
• Case Management Order #1
• Interim Order signed on 1/8/2009 Authorizing the Debtors to Pay Prepetition Amounts Under Their Insurance Programs
• Interim Order signed on 1/8/2009 Approving the Debtors’ Existing Investment Guidelines
• Interim Order signed on 1/8/2009 Authorizing Debtors to (I) Maintain and Use Existing Bank Accounts, Books, Records and Business Forms, (II) Maintain and Use Existing Cash Management System, as Modified, and (III) Provide Superpriority Status for Intercompany Receivables
• Interim Order signed on 1/8/2009 To Authorize Debtors to Pay Prepetition Employment Taxes, Regulatory Fees and Other Similar Taxes and Fees
• Interim Order signed on 1/9/2009 Authorizing the Debtors to (I) Pay Prepetition Wages, Salaries, Employee Benefits and Other Compensation, (II) Maintain Employee Benefits Programs and Pay Related Administrative Obligations, (III) Allow Employees to Proceed with Outstanding Workers’ Compensation Claims and (IV) Authorize Applicable Banks and Other Financial Institutions to Receive, Process, Honor and Pay All Checks Presented for Payment and to Honor All Funds Transfer Requests
• Interim Order signed on 1/9/2009 Authorize Debtors to Pay Prepetition Obligations Owed to Foreign Creditors
• Interim Order signed on 1/9/2009  for Authorization to (I) Pay Certain Prepetition Claims of Critical Vendors and Certain Administrative Claimholders, and (II) Authorize Financial Institutions to Honor and Process Related Checks and Transfers
• Interim Order signed on 1/9/2009 Authorizing Debtors to Pay Prepetition Claims of Common Carriers, Contractors and Service Providers, and Warehousemen, and (II) Authorizing Their Banks to Receive, Process, Honor and Pay the Checks and Other Transfers Made to Common Carriers, Contractors and Service Providers, and Warehousemen

In addition, two responses to Lyondell Chemical’s proposed debtor-in-possession financing facility have been filed:

• Response of Apollo Management VII, L.P., et al., to Debtors` Motion for Entry of Interim and Final Orders (I) Authorizing Debtors (A) to Obtain Postpetition Financing Pursuant to 11 U.S.C. Sections 105, 361, 362, 364(c)(2), 364(c)(3), 364(d)(1) and 364(e), (B) to Utilize Cash Collateral Pursuant to 11 U.S.C. Section 363 and (C) to Purchase Certain Assets Pursuant to 11 U.S.C. Section 363, (II) Granting Adequate Protection to Prepetition Secured Parties Pursuant to 11 U.S.C. Sections 361, 362, 363, and 364 and (III) Scheduling Final Hearing Pursuant to Bankruptcy Rules 4001(b) and (c)
• Preliminary Objection of Appaloosa Management, L.P. to Motion for an Order (I) Authorizing Debtors (a) to Obtain Post-Petition Financing, (b) to Utilize Cash Collateral and (c) to Purchase Certain Assets, (II) Granting Adequate Protection to Pre-Petition Secured Parties and (III) Scheduling Final Hearing

If you don’t yet have a netDockets account, sign up now for a free trial account and get your first $100 of usage completely free with no further commitment.