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Published on 10/8/2021 in the Prospect News Distressed Debt Daily.

WorldVentures gets court OK to use cash collateral through Oct. 29

By Sarah Lizee

Olympia, Wash., Oct. 8 – Spherature Investments LLC, which does business as WorldVentures, received further interim approval to access Montgomery Capital Advisers, LLC’s cash collateral through Oct. 29, according to a ninth interim order filed Friday with the U.S. Bankruptcy Court for the Eastern District of Texas.

A hearing on further access to the cash collateral is scheduled for Oct. 21.

Plano, Tex.-based WorldVentures sells travel and lifestyle community memberships. The company filed bankruptcy on Dec. 21, 2020 under Chapter 11 case number 20-42492.


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