Gas City can access Bank of America cash collateral through Jan. 28

By Caroline Salls

Pittsburgh, Dec. 14 - Gas City, Ltd. has received final court approval to use the cash collateral of its pre-bankruptcy secured lender Bank of America, NA, according to a Tuesday filing with the U.S. Bankruptcy Court for the Northern District of Illinois.

The company's access to the cash will expire at the close of business on Jan. 28.

Gas City, a gas station and truck stop operator based in Frankfort, Ill., filed for bankruptcy on Oct. 26. The Chapter 11 case number is 10-47879.

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