- 11 U.S.C.
In re LTAP US LLLP
Feb
18
2011
Ruling
Motions for use of cash collateral and debtor-in-possession financing denied due to debtor's insufficient assets.
Procedural posture
Three motions were pending, all of which were determinative of debtor's reorganization prospects. The motions were: (1) debtor's motion for an order authorizing debtor's use of cash collateral; (2) a creditor's motion for relief from the automatic stay, and debtor's emergency motion for post-petition secured financing (the debtor-in-possession (DIP) motion).
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Court
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