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DBSI Granted Limited Access To Cash Collateral

Law360 (November 14, 2008, 12:00 AM EST) -- Real estate investment company DBSI Inc. has won approval of several first-day motions, including an order granting it — over the objections of two creditors — limited access to cash collateral.

Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware on Friday issued an interim order granting DBSI's motion seeking limited use of cash collateral. He wrote that use of the cash collateral was "necessary and essential" for the continued management of DBSI's properties.

DBSI requested immediate entry of the order...
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