Kingswood Senior Living gets interim approval of cash collateral use

By Sarah Lizee

Olympia, Wash., Aug. 25 – Kansas City United Methodist Retirement Home, Inc., which does business as Kingswood Senior Living Community, received interim approval to use the cash collateral of UMB Bank, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Western District of Missouri.

The cash collateral will be used to fund operating expenses and professional fees, as previously reported.

A further hearing is scheduled for Sept. 14.

Kingswood Senior Living Community is a Kansas City, Mo.-based owner and operator of a continuing care retirement community. The company filed bankruptcy on Aug. 18 under Chapter 11 case number 21-41049.

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