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GVS Texas seeks court approval to use cash collateral of Wells Fargo
By Sarah Lizee
Olympia, Wash., July 2 – GVS Texas Holdings I, LLC is seeking court approval to use the cash collateral of Wells Fargo Bank, NA, according to a motion filed Thursday with the U.S. Bankruptcy Court for the Northern District of Texas.
The company said it needs access to the cash collateral to maintain operations and administer its Chapter 11 cases.
GVS Texas is an indirect subsidiary of GVS Portfolio I B, LLC, which does business as Great Value Storage, an Austin, Tex.-based storage chain. GVS Texas Holdings I filed bankruptcy on June 17 under Chapter 11 case number 21-31121.
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