- 11 U.S.C.
In re Podzemny
Feb
08
2011
Ruling
Debtor authorized to use cash collateral to raise corn and cattle.
Procedural posture
Debtor in possession moved for the authorization for use of over $12 million in cash collateral: $1.2 million to acquire up to 2,000 head of cattle; $6 million of cash collateral to acquire up to 9,000 head of wheat cattle; $4.5 million to plant, cultivate and harvest a 2011 corn crop on approximately 7,170 acres, including the newly developed acreage, and for installation of an irrigation system.
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Court
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