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HUD Tries To Block Sears Methodist's Cash Use For Ch. 11

By Kurt Orzeck (July 10, 2014, 6:44 PM EDT) -- The U.S. Department of Housing and Urban Development on Thursday urged a Texas bankruptcy court to reject Sears Methodist Retirement System Inc.'s attempt to use cash collateral to pay the costs of its Chapter 11 proceedings, saying such expenditures could jeopardize the safety of senior housing community tenants....

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