New York Judge Refuses to Waive Collateralization for Debtors’ Bank Accounts
In a large ‘prepack,’ the debtor was required to spend $80,000 a month for its depository bank to obtain a bond required by Section 345(b).
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Case Details
Judge Name
Case Citation
In re Ditech Holding Corp., 19-10412 (Bankr. S.D.N.Y. June 24, 2019)
Case Name
In re Ditech Holding Corp.
Case Type
Business