In re Joel F. Hollowell Oil Co.

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).
ABI Membership is required to access the full summary of In re Joel F. Hollowell Oil Co.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on December 12,2008, LexisNexis #0209-041