GateHouse Media Can Use Cash Collateral To Fund Ch. 11
By Matt Chiappardi
Law360, Wilmington (September 30, 2013, 6:27 PM ET) -- A Delaware bankruptcy judge on Monday gave community newspaper publisher GateHouse Media Inc. interim approval to use cash collateral to fund what the company hopes will be a short stint in Chapter 11 bankruptcy before it spins off into a new media enterprise.
U.S. Bankruptcy Judge Mary F. Walrath also granted the company interim approval on a slew of other first-day motions, including the ability to continue paying its employees and continued use of its bank accounts, after hearing that every single secured creditor has now...