WorldVentures gets further interim access to cash collateral

By Sarah Lizee

Olympia, Wash., Feb. 22 – Spherature Investments LLC, which does business as WorldVentures, received further interim approval to access Montgomery Capital Advisers, LLC’s cash collateral through March 5, according to an order filed Friday with the U.S. Bankruptcy Court for the Eastern District of Texas.

A hearing on further access to the cash collateral is scheduled for March 2.

Plano, Tex.-based WorldVentures sells travel and lifestyle community memberships. The company filed bankruptcy on Dec. 21 under Chapter 11 case number 20-42492.

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