In re Univ. Ctr. Hotel Inc.
Apr
04
2006
Ruling
Creditor bank was granted relief from the automatic stay and was allowed to recover the cash collateral deposited with creditor since the cash collateral was subject to a lien agreement and did not exceed the cash collateral available on the filing date.
Procedural posture
Creditor bank filed a motion for relief from the automatic stay and for a determination of the extent of the creditor's security interest in certain cash accounts currently maintained by the debtor in possession. The court issued findings of fact and conclusions of law.
ABI Membership is required to access the full summary of In re Univ. Ctr. Hotel Inc. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: