In re Satcon Tech. Corp.
Dec
07
2012
Ruling
Emergency motion to authorize settlement providing for offsets and providing creditor with priming lien granted.
Procedural posture
The chapter 11 debtors filed an emergency motion for entry of an order authorizing (1) entry into a settlement agreement with a creditor; (2) incurrence of post-petition trade credit; and (3) granting of a priming lien under 11 U.S.C.S. § 364(d) to secure postpetition trade credit (the settlement motion). In addition, the debtors moved for entry of a final order authorizing the use of cash collateral
ABI Membership is required to access the full summary of In re Satcon Tech. Corp. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: