Creditors Rip Monitor Group's $6M Cash Collateral Request

Law360, Wilmington (January 9, 2013, 9:11 PM EST) -- Creditors of Monitor Co. Group LP on Wednesday asked a Delaware bankruptcy judge to reject the consulting firm's request to fund a wind-down account with more than $6 million in cash collateral, which the firm filed in light of its sale to Deloitte Consulting LLP.

Massachusetts-based Monitor Group filed the cash-collateral motion in December, looking forward to a January sale to Deloitte, which the debtor said would require it to maintain operations for months beyond the sale date. But the request drew opposition from Monitor's various...
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