In re Commercial Mortg.
Mar
06
2009
Ruling
Motion to impose lien and place other restrictions on debtor in possession granted where there were no secured creditors.
Procedural posture
The official committee of unsecured creditors (UCC) filed three motions: a motion to approve the imposition of liens and encumbrances, a motion to approve restrictions on and limit loan transactions between the debtor and its subsidiaries, and a motion to establish a restricted bank account, pursuant to 11 U.S.C.S. §§ 105, 363(c)(1), 507, 1103(c)(5), and 1107(a). The debtor opposed the motions. There were no secured creditors.
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Court
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