- 11 U.S.C.
In re HRP Myrtle Beach Holdings LLC
Sep
29
2008
Ruling
Debtors in possession granted ability to obtain superpriority senior secured postpetition financing and to use cash collateral.
Procedural posture
After the debtors filed voluntary petitions for relief under chapter 11, they moved for an order authorizing them to obtain postpetition financing pursuant to 11 U.S.C.S. §§ 363 and 364, granting senior-priority liens and super-priority claims to the postpetition secured lenders, and authorizing them to use cash collateral and obtain emergency postpetition loans. The debtors also requested adequate protection for pre-petition secured lenders.
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Court
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