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In re Gen. Growth Props.

In re Gen. Growth Props.

Ruling
Chapter 11 debtor's motions for financing and use of cash collateral granted as necessary to continued operations.
Procedural posture

Debtors filed voluntary petitions under chapter 11. The debtors filed a motion for entry of an order authorizing the debtors to, among other things, (1) obtain postpetition secured financing pursuant to 11 U.S.C.S. §§ 105(a), 362, and 364; (2) use cash collateral and grant adequate protection pursuant to 11 U.S.C.S. §§ 361 and 363; and (3) repay in full amounts owned under a certain prepetition secured loan agreement.

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Commercial opinion summary, case decided on May 14, 2009 , LexisNexis #0709-045