Meruelo Maddux granted access to cash collateral through April 30

By Caroline Salls

Pittsburgh, Feb. 3 - Meruelo Maddux Properties, Inc. received court approval to extend its use of cash collateral through April 30 from Jan. 31, according to a Wednesday filing with the U.S. Bankruptcy Court for the Central District of California.

As previously reported, the company originally asked the court to extend the cash use through June 30.

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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