- 11 U.S.C.
In re Chatham Parkway Self Storage LLC
Apr
25
2013
Ruling
Single asset real estate debtor could use cash collateral to pay fees of attorneys and financial advisor.
Procedural posture
Debtor Georgia limited liability company ("LLC") filed a petition under chapter 11 of the Bankruptcy Code and operated its business renting self-storage units as a debtor-in- possession. The debtor asked the court for permission to use cash collateral it pledged to a bank to pay attorneys' fees and fees charged by its financial advisor, pursuant to 11 U.S.C.S. § 363. The bank opposed the debtor's motion.
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Court
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