In re 211 Waukegan LLC
Sep
18
2012
Ruling
Extension of postpetition credit to debtor was made in ordinary course of business and allowed as administrative expense claim.
Procedural posture
Movant creditor requested the allowance of administrative expenses under 11 U.S.C.S. § 503(b), for transfers she made to the debtor, after the purchase of debtor's assets by an unrelated third party bank, which extinguished the equity interest held by movant creditor in the debtor.
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Court
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