- 11 U.S.C.
In re Tempe Land Co. LLC
May
01
2009
Ruling
Debtor-in-possession financing denied due to insufficient protections for existing lienholders.
Procedural posture
A bankruptcy debtor-in-possession sought to borrow money and grant a lien to the new lender which would be senior in priority to existing lienholders. The debtor moved to borrow the money on a priming basis pursuant to 11 U.S.C.S. § 364.
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Court
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