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Published on 12/23/2015 in the Prospect News Distressed Debt Daily.

Please Touch Museum receives interim approval to use cash collateral

By Mark Reccek

Bethlehem, Pa., Dec.23 – Please Touch Museum secured interim authorization to access its cash collateral, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of Pennsylvania.

The company requested use of the cash collateral to fund its operations and pay other operating expenses, the order said.

A final hearing is scheduled for Jan. 25.

Please Touch, a Philadelphia museum, filed for bankruptcy on Sept. 11. The Chapter 11 case number is 15-16558.


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