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Meruelo Maddux Properties gets extension for use of cash collateral
By Lisa Kerner
Charlotte, N.C., July 1 - Meruelo Maddux Properties, Inc. was granted approval to extend the authority for its use of cash collateral and to maintain its cash management system to Sept. 30 from June 30, according to a Thursday filing with the U.S. Bankruptcy Court for the Central District of California.
A final hearing is scheduled for July 16.
Meruelo Maddux, a self-managed, full-service real estate company that develops, redevelops and owns commercial and multifamily residential properties, filed for bankruptcy on March 26, 2009. Its Chapter 11 case number is 09-13356.
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