VII. USE OF CASH COLLATERAL
The Bankruptcy Code defines cash collateral as “cash, negotiable instruments, documents of title, securities, deposit accounts, or other cash equivalents in which the estate and an entity other than the estate have an interest and includes the proceeds, products, offspring, rents or profits of property and the fees, charges, accounts. . .” The debtor in possession, its employees, officers, partners, agents and any persons acting in concert with the debtor or debtor in possession are enjoined from using cash collateral without first obtaining the consent of the secured creditor or other persons with an interest in the cash collateral or a court order authorizing such use. (See 11 USC §363(c)(2) and Local Rule 4001-2)
From Plasticon Doc 6 filed 18 May 07
From Pro Mold Doc 6 filed 17 May 07 |
