In re Eagle Creek Subdivision LLC

Debtor-in-possession's continuation of primary real estate development financing approved but secondary financing with priming lien disapproved.
Procedural posture: 
Bankruptcy debtors-in-possession moved pursuant to 11 U.S.C.S. § 364(c)(1) for authorization to continue loan agreements with primary lenders to allow the debtors to complete their real estate development projects. The debtors also moved pursuant to § 364(d) for authorization to obtain postpetition secondary financing to fund operating costs.
ABI Membership is required to access the full summary of In re Eagle Creek Subdivision LLC. 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 July 10,2008, LexisNexis #1108-004