Quirky wins interim access to cash collateral; final hearing Oct. 23

By Caroline Salls

Pittsburgh, Sept. 25 – Quirky, Inc. obtained interim court approval to use the cash collateral of Comerica Bank, according to an order filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The final hearing is scheduled for Oct. 23.

The cash collateral will be used to pay administrative expenses that come due before the company’s asset sale can be completed.

Under the interim order, the cash collateral use will expire on the earlier of the date of entry of the final order and Oct. 31.

Quirky, a New York-based invention startup company, filed bankruptcy on Sept. 22. The Chapter 11 case number is 15-12596.

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