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Buyk receives final court approval to access cash collateral
By Sarah Lizee
Olympia, Wash., April 22 – Buyk Corp. received final approval to use the cash collateral of Legalist DIP GP, LLC, according to a final order filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
Friday’s order said the cash collateral use will preserve and maintain the value of the debtor’s assets, absent which irreparable harm would result to the debtor, its estate, the creditors and other stakeholders.
Buyk is a New York-based grocery delivery service. The company filed bankruptcy on March 17 under Chapter 11 case number 22-10328.
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