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Published on 4/28/2023 in the Prospect News Distressed Debt Daily.

Beverly Hospital Foundation gets interim access to cash collateral

By Sarah Lizee

Olympia, Wash., April 28 – Beverly Hospital Foundation received interim approval to access cash collateral, according to an order filed Thursday with the U.S. Bankruptcy Court for the Central District of California.

Bond trustee U.S. Bank NA has an interest in the collateral.

The debtor is authorized to use the cash collateral through May 12.

Montebello, Calif.-based Beverly Hospital filed bankruptcy on April 19 under Chapter 11 case number 23-12359.


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