In re Ocean Place Dev. LLC

Ruling: 
Hotel revenues were cash collateral that could be used by debtor.
Procedural posture: 
Chapter 11 debtor-in-possession filed a motion for a final order approving the use of cash collateral. The secured lender, objected to debtor's motion and moved for dismissal of the debtor's bankruptcy case for cause, including bad faith, or, alternatively, for vacation of the automatic stay. The debtor operated a seaside spa and resort hotel.
Issue: 
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Commercial case opionion summary, case decided on March 31,2011, LexisNexis #0411-121