We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Tousa Gets OK To Keep Using Cash Collateral

Law360 (May 1, 2009, 12:00 AM EDT) -- A bankruptcy judge has given homebuilder Tousa Inc. permission to continue using its secured lenders' cash collateral while it begins to wind down its operations and solicit acceptances for a reorganization plan it filed earlier this month.

Judge John K. Olson of the U.S. Bankruptcy Court for the Southern District of Florida on Thursday granted a motion filed by Tousa on April 8 for approval of an agreement between Tousa and its secured lenders allowing it to continue drawing on the collateral through July 29, subject...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.