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Monitor Group wins interim order for cash collateral use through March
By Jim Witters
Wilmington, Del., March 12 - Monitor Co. Group LP won court approval for the continued use of cash collateral to fund the wind down account, according to a March 12 filing with the U.S. Bankruptcy Court for the District of Delaware.
The third interim order carries the company through the end of March.
A final cash collateral hearing is scheduled for April 1.
As previously reported, the company completed the sale of substantially all of its assets to Deloitte Consulting LLP.
Monitor, a Cambridge, Mass.-based strategy consulting firm, filed for bankruptcy on Nov. 7. Its Chapter 11 case number is 12-13042.
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