In re Four Bucks LLC
Jun
29
2009
Ruling
Debtor in possession could not use rents that were fully assigned to lender in loan documents.
Procedural posture
A debtor in possession operated an apartment complex and the debtor sought to use the rents collected from the property. The debtor moved for authorization to use cash collateral, and the debtor's lender objected on the ground that the estate did not have an interest in the rents.
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Court
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