In re Joel F. Hollowell Oil Co.

Ruling: 
Motion to restrict chapter 11 debtor's use of cash collateral denied.
Procedural posture: 
A debtor filed its petition for relief under chapter 11 of the Bankruptcy Code. The court entered a final order authorizing the debtor's use of cash collateral for its postpetition operating expenses. A company, which had a first lien security interest in all of the debtor's equipment, fixtures, inventory, and accounts receivable, filed a motion to restrict the debtor's continued use of cash collateral, under 11 U.S.C.S. § 363(e).
Issue: 
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Commercial case opionion summary, case decided on December 12,2008, LexisNexis #0209-041