IN RE SEL-O-RAK CORP.

Bankruptcy No. 82-00490-BKC-JAG.

24 B.R. 5 (1982)

In re SEL-O-RAK CORPORATION, Debtor.

United States Bankruptcy Court, S.D. Florida.

April 8, 1982.


Attorney(s) appearing for the Case

Irving Mark Wolff, P.A., Miami, Fla., for Sel-O-Rak Corp.

John L. Britton, Britton, Cohen, Kaufman, Benson & Schantz, Miami, Fla., for Associates Commercial Corp.


ORDER ON MOTION OF DEBTOR-IN-POSSESSION FOR AUTHORITY TO USE CASH PROCEEDS, ETC.

JOSEPH A. GASSEN, Bankruptcy Judge.

The court is confronted with the ever vexing problem at the outset of the chapter 11 proceedings of whether or not to permit the debtor-in-possession to use cash collateral proceeds over the vehement objection of the lender who is secured by the collateral in addition to having other forms of guaranty. This chapter 11 case was filed on March...

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