Global Home Gets Access To More Cash

Law360, New York (June 29, 2007, 12:00 AM EDT) -- A bankruptcy court judge has given Global Home Products the go-ahead to access more cash collateral to fund its ongoing Chapter 11 proceedings, allowing the company to tap into an additional $276,000 in financing.

Judge Kevin Goss of the U.S. Bankruptcy Court for the District of Delaware granted the company's motion on Monday, paving the way for lender Madeleine LLC to hand over an additional $276,000, which Global Home will be able to access through Sept. 30.

Global Home, which is now controlled by private equity...
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