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In re Beechgrove Redevelopment LLC

In re Beechgrove Redevelopment LLC

Ruling
Debtors allowed to use cash collateral and obtain postpetition financing in accordance with specific terms and conditions.
Procedural posture

The debtors filed for relief under chapter 11, and the debtors' bankruptcy proceedings were jointly administered. The debtors sought orders authorizing the use of cash collateral pursuant to 11 U.S.C. § 363(c), sought to schedule a final hearing pursuant to Fed. R. Bankr. P. 4001 for use of the cash collateral. The debtors also sought authorization of postpetition financing.

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Commercial opinion summary, case decided on December 13, 2007 , LexisNexis #0208-042