Looks like there is going to be a meeting and that all creditors have given their cosent or that the court has issued an order. I still have to wonder, how is the money going to be spent?
Something out of the ordinary
Payment of taxes
Monthly operating reports
Trustee fees ( there goes a bit of our profits... :(
Not sure if estate funds applies to this case? Does someone have to have died for there to be an estate, or is BK the concept of death of the business?? TIA
Hoping that the money is for something out of the ordinary, but glad to read that all are in agreement or that the court is making sure things are being done correctly!
- Attendance at § 341(a) Meeting of Creditors.
- Cash Collateral. 11 U.S.C. § 363(c)(2) prohibits the use of cash collateral unless the debtor has either the prior consent of each creditor having an interest in the collateral or an order from the Court.