As discussed in the prior post, Tuscany International Drilling Inc., and its subsidiary, Tuscany International Holdings (U.S.A.) Ltd. (“Tuscany” or the “Debtors”) filed for bankruptcy on February 2, 2014 with the United States District Court for the District of Delaware.  On February 4, 2014, the Court held a “First Day” hearing to hear a number of preliminary motions filed by Tuscany.

At the hearing, the Court entered the First Day motions filed by the Debtors.  Among other things, the Court entered the following relief: (i) order authorizing the Debtors to pay pre-petition claims of certain critical vendors; (ii) order authorizing the Debtors’ continued use of existing cash management system; (iii) order approving the Debtors’ post-petition financing and authorizing use of cash collateral; and (iv) order authorizing payment of certain of the Debtors’ pre-petition workforce obligations.

In addition, the Court scheduled a Section 341 Meeting of Creditors to take place on March 13, 2014 at 10:30 a.m. (EST).  The Section 341 Meeting will be held at the J. Caleb Boggs Federal Building, 844 King Street, Wilmington, DE 19801.  Click here for a copy of this notice.

Carl D. Neff is a bankruptcy attorney with the law firm of Fox Rothschild LLP.  Carl is admitted in Delaware and regularly practices before the United States Bankruptcy Court for the District of Delaware.  You can reach Carl at (302) 622-4272 or at