In re OccMeds Billing Servs.
Dec
01
2007
Ruling
Debtor could not use cash collateral to ease cash flow problem where creditor's interest could not be adequately protected.
Procedural posture
A bankruptcy debtor in possession, a medical billing company, modified its business model to ease cash flow problems by ceasing to make advance payments to clients in anticipation of insurance proceeds, and by collecting amounts due from insurers or patients only as an agent for the clients. The debtor moved pursuant to 11 U.S.C. § 363(c) to use the cash collateral of a secured creditor.
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Court
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