Money Collateral, Adequate Protection, and Operating Capital
Even though planning, verification, and utilization of a strategy of reorganization are at the center of a chapter 11 situation, other problems may arise that must definitely be addressed by the debtor in control. The debtor in control might use, offer, or rent home associated with the property when you look at the ordinary length of its company, without previous approval, unless the court requests otherwise. 11 U.S.C. В§ 363(c). The debtor must obtain permission from the court if the intended sale or use is outside the ordinary course of its business.
A debtor in control might not utilize “cash security” with no permission of this secured party or authorization by the court, which must first examine perhaps the interest associated with secured celebration is acceptably protected. 11 U.S.C. Continua a leggere
