- 11 U.S.C.
LightStyles Ltd. V. Susquehanna Bank (In re LightStyles Ltd.)
Jul
27
2012
Ruling
Cash collateral order denied where debtor's financial projections were speculative.
Procedural posture
A chapter 11 debtor filed a motion for use of cash collateral pursuant to 11 U.S.C.S. § 363(c)(2). A bank that held a security interest in all of the debtor's assets other than motor vehicles requested that the court deny the motion or authorize the use of cash collateral only to the extent that the debtor provided the bank with adequate protection of its rights.
ABI Membership is required to access the full summary of LightStyles Ltd. V. Susquehanna Bank (In re LightStyles Ltd.) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: