In re Cosmetic Gallery Inc.
Jun
29
2015
Ruling
Debtor without sufficient unemcumbered assets to operate business granted authority to use cash collateral despite bank's valid lien.
Issue(s)
Was debtor that lacked sufficient unencumbered cash or other assets with which to continue to operate its business in chapter 11 entitled to an order authorizing use of cash collateral that was encumbered by objecting creditor's lien?
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Court
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