BLUE WATER AUTOMOTIVE Bankruptcy News, Issue No. 11

BCSI reports on latest events arising in the chapter 11 cases commenced by Blue Water Automotive Systems Inc, KPS Capital Partners LP and KPS Special Situations Funds LP.

(EMAILWIRE.COM, April 18, 2008 ) FAIRLESS HILLS, Pa. -- Apr. 18, 2008 -- Bankruptcy Creditors' Service, Inc., published Issue No. 11 of BLUE WATER AUTOMOTIVE BANKRUPTCY NEWS today. The 9-page newsletter contains stories with these headlines:


[00087] DEBT0RS' MOTION TO PAY INCENTIVES TO CRITICAL EMPLOYEES
[00088] DEBTORS' MOTION TO ESTABLISH RECLAMATION PROCEDURES
[00089] VENDORS' MOTIONS TO ALLOW ADMINISTRATIVE EXPENSE CLAIMS
[00090] DEBTORS' MOTION TO HIRE ORDINARY COURSE PROFESSIONALS
[00091] DEBTORS' MOTION TO PAY PREPETITION TAXES & FEES
[00092] DEBTORS' MOTION TO EMPLOY MILLER BUCKFIRE AS BANKER
[00093] DEBTORS' APPLICATION TO HIRE LAMBERT LESER AS COUNSEL
[00094] GMAC'S MOTION TO COMPEL DECISION ON LEASE AGREEMENT
[00095] RL ENTERPRISES' MOTION TO COMPEL LEASE PAYMENTS
[00096] ST. CLAIR'S MOTION TO ALLOW $14,581 ADMINISTRATIVE CLAIM
[00097] BANKRUPTCY APPEAL -- Creditors Committee re DIP Order
[00098] RULE 2019 STATEMENT -- Dickinson Wright PLLC


A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=BLUE|WATER|AUTOMOTIVE for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

BLUE WATER AUTOMOTIVE BANKRUPTCY NEWS tracks the restructuring of Blue Water Automotive Systems Inc, KPS Capital Partners LP and KPS Special Situations Funds LP.

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BLUE WATER AUTOMOTIVE BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.

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