During the hearing, Judge Shelley Chapman of the U.S. Bankruptcy Court in Manhattan approved of a series of routine motions designed to ensure the company’s continued operations, including paying employees and accessing bank accounts. But a long fight over about $250 million Sabine holds in cash could signal a difficult and contentious path forward for the company and its newly launched chapter 11 case. Discussions with lenders before filing for bankruptcy didn’t lead to a prearranged restructuring deal that could have made for a more streamlined trip through chapter 11, court papers show. Jonathan Henes, a lawyer for Sabine, said in court Thursday that the company cannot sustain a prolonged trip though bankruptcy. “We need to get this company out as quickly as we can,” he said. Sabine, which hasn’t sought special bankruptcy financing to fund its operations while in chapter 11, asked Judge Chapman for permission to support […]