Intermet Wins Interim OK To Use Cash Collateral

Law360, New York (August 20, 2008, 12:00 AM EDT) -- A bankruptcy judge has given auto supplies maker Intermet Corp., which filed for Chapter 11 protection for the second time on Aug. 12, the green light to access cash collateral from a group of prepetition lenders despite the lenders' objections.

In an interim order signed Monday in the U.S. Bankruptcy Court for the District of Delaware, Judge Kevin Gross authorized the debtors to use cash collateral in order to sustain the company as it reorganizes or sells its assets after filing for bankruptcy protection for the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.