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DESA 1st-Day Motions Granted

Law360 (December 31, 2008, 12:00 AM EST) -- A bankruptcy judge has signed off on several first-day motions filed by bankrupt heater and specialty tool maker DESA Heating LLC, including requests to pay certain prepetition obligations, use cash collateral and maintain its bank accounts.

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware signed off on five first-day motions on Tuesday, one day after DESA parent company DHP Holdings II Corp. and five subsidiaries filed Chapter 11 petitions, citing a cash squeeze and reduced demand for some of its...
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