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BearingPoint granted interim access to cash collateral; final hearing March 11
By Caroline Salls
Pittsburgh, Feb. 20 - BearingPoint Inc. was granted interim access to use the cash collateral of its secured lenders to fund its operations, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.
The final hearing is scheduled for March 11.
The cash collateral use will terminate on the earlier of the effective date of the company's plan of reorganization and June 16.
BearingPoint, a McLean, Va.-based provider of management and technology consulting services, filed for bankruptcy on Feb. 18. Its Chapter 11 case number is 09-10691.
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