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WorldVentures gets court OK to use cash collateral through Aug. 2
By Sarah Lizee
Olympia, Wash., July 9 – Spherature Investments LLC, which does business as WorldVentures, received further interim approval to access Montgomery Capital Advisers, LLC’s cash collateral through Aug. 2, according to a sixth interim 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 July 28.
Plano, Tex.-based WorldVentures sells travel and lifestyle community memberships. The company filed bankruptcy on Dec. 21, 2020 under Chapter 11 case number 20-42492.
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