Nortel Networks Files First Day Pleadings

As reported earlier, Nortel Networks Inc. and affiliates filed for bankruptcy today (more details on the bankruptcy filing can be found here).  As is customary in large corporate bankruptcy filings, Nortel also filed motions and applications for relief from certain bankruptcy code sections and rules in order to allow the companies to continue to operate their businesses.  The following is a list of the companies’ first day pleadings filed thus far (follow the links to view the documents using netDockets):

• Chapter 11 Voluntary Petition
• Motion For Entry Of An Order Pursuant To 11 U.S.C. Section 105, Bankruptcy Rule 1015, And Local Rule 1015-1 (i) Directing Joint Administration Of The Debtors’ Related Chapter 11 Cases And (ii) Granting Related Relief
• Affidavit in Support Declaration Of John Doolittle, Vice President of Nortel Networks Inc. In Support of Chapter 11 Petitions And First Day Motions
• Motion to Authorize Nortel to (i) File (A) Consolidated List of Creditors and (B) Consolidated List of Debtors’ Top Forty Creditors and (ii) Provide Notices, Including Notice of Commencement of Cases and Section 341 Meeting
• Motion to Extend Deadline to File Schedules or Provide Required Information and Statements of Financial Affairs
• Application to Appoint Claims/Noticing Agent Epiq Bankruptcy Solutions, LLC
• Motion For Interim and Final Orders (i) Restraining Utility Companies from Discontinuing, Altering Or Refusing Service, (ii) Deeming Utility Companies Adequately Assured of Future Performance and (iii) Establishing Procedures for Determining Requests for Additional Assurance
• Motion for Order (A) Approving the Continued Use of the Cash Management System, Bank Accounts and Business Forms; (B) Permitting Continued Intercompany Transactions, Granting Administrative Priority Status to Postpetition Intercompany Claims and Preserving and Permitting the Exercise of Intercompany Setoff Rights; (C) Authorizing Banks to Honor Certain Transfer and Charge Certain Fees and Other Amounts; and (D) Waiving the Requirements of 11 U.S.C. Section 345(b) on an Interim Basis
• Motion for Entry of an Order Authorizing, But Not Directing, Debtors to Pay Certain Prepetition (i) Wages, Salaries and Other Compensation, (ii) Reimbursable Expenses, and (iii) Medical, Retirement and Similar Benefits
• Motion Pursuant to Sections 105(a), 363(b), 507(a)(8), and 541 of The Bankruptcy Code for an Order Authorizing the Debtors to Remit and Pay Certain Taxes and Fees
• Motion for Entry of an Order Authorizing, But Not Directing, Debtors To (i) Honor Prepetition Obligations To Their Customers and (ii) Continue Customer Programs
• Motion For an Order Authorizing the Debtors to Pay Prepetition Common Carrier Charges and Warehouse Fees
• Motion to Authorize Nortel to (i) Continue Insurance Coverage Entered Into Prepetition, and (ii) Enter Into New Insurance Policies
• Motion to Enforce the Automatic Stay
• Motion for Entry of an Administrative Order Establishing Procedures for Interim Compensation of Fees and Reimbursement of Expenses of Professionals and Official Committee Members
• Motion to Approve Entry of an Order Pursuant to 11 U.S.C. Section 105(a) Approving Cross-Border Court-to-Court Protocol
• Motion to Approve Under 11 U.S.C. Sections 105, 362 and 541 For An Interim Order Establishing Notification Procedures and Approving Restrictions on Certain Transfers of the Debtors’ Parents’ Equity Securities

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