- 11 U.S.C.
In re Cal Data Sys.
Sep
07
2007
Ruling
Trustee could not use creditor's cash collateral to investigate lawsuit absent quantifiable direct benefit to creditor.
Procedural posture
A debtor corporation filed for relief under chapter 7. A chapter 7 trustee sought to use the cash collateral from a creditor in order to investigate whether there was any benefit to the estate of going forward with a lawsuit commenced prepetition by the debtor, pursuant to 11 U.S.C. § 506.
ABI Membership is required to access the full summary of In re Cal Data Sys. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: