Bertucci's Gets Approval On $750K Interim DIP

Law360 (April 17, 2018, 9:58 PM EDT) -- Bankrupt Italian restaurant chain Bertucci’s received interim approval Tuesday in Delaware to tap into a $750,000 portion of its $4 million debtor-in-possession financing package being provided by the stalking horse bidder seeking to buy its assets through the Chapter 11 process.

During a first-day hearing in Wilmington, debtor attorney Adam G. Landis of Landis Rath & Cobb LLP told the court the new money available under the interim DIP order would enable Bertucci’s Holdings Inc. to make necessary payments to employees, creditors and vendors to keep...
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