In re FFG 1 LLC
Oct
25
2010
Ruling
Debtor authorized to use cash collateral where creditor prepetition creditor was granted security interest that would not be subordinated.
Procedural posture
Before the court was a proposed interim order authorizing the debtor to use cash collateral and provide adequate protection for the period November 1 through 30, 2010. The creditor, to whom the debtor was indebted pre-petition, was willing to do so only upon the terms and conditions expressly contained therein. Debtor's principals had personally guaranteed the indebtedness.
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Court
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