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MC Sports granted approval to use cash collateral to fund operations
By Caroline Salls
Pittsburgh, March 15 – Michigan Sporting Goods Distributors, Inc., which does business as MC Sports, obtained final court approval to use the cash collateral of its pre-bankruptcy secured creditors, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Western District of Michigan.
The company said it will use the cash collateral to fund its operations while in Chapter 11.
MC Sports’ access to the cash collateral will expire on April 30.
Michigan Sporting Goods does business as MC Sports. The Grand Rapids, Mich.-based sporting goods retailer filed bankruptcy on Feb. 14 under Chapter 11 case number 17-00612.
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