In re Levitt & Sons LLC
Feb
13
2008
Ruling
Postpetition financing for debtor-in-possession allowed as in best interests of the estate.
Procedural posture
Bankruptcy debtors in possession developed and sold single family homes in planned residential communities, and developments were in varying stages of completion. The debtors moved for authorization to obtain postpetition financing on a superpriority secured and priming basis from the debtors' primary prepetition lender, and junior lien holders objected to the motion.
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Court
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