Entrust Energy gets further interim approval to use cash collateral

By Sarah Lizee

Olympia, Wash., May 4 – Entrust Energy, Inc. secured further interim court approval to use cash collateral to continue to operate its business through May 28, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

The company said in its motion that the debtors will use the cash collateral to make payroll and pay other ordinary course expenses to maintain their businesses.

While the debtors do not believe that any person or entity has a perfected lien on their cash, the motion was filed out of an “abundance of caution,” the company said.

A hearing on either final approval of further interim approval will be held on May 20.

Entrust Energy is a Houston-based retail power provider. The company filed bankruptcy under Chapter 11 case number 21-31070.

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