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Loehmann's interim cash collateral use approved; final hearing Jan. 16
By Caroline Salls
Pittsburgh, Dec. 19 - Loehmann's Holdings Inc. received interim court approval to use the cash collateral of its pre-bankruptcy lenders, according to Thursday filings with the U.S. Bankruptcy Court for the Southern District of New York.
The final hearing is scheduled for Jan. 16.
The company will use the cash collateral for working capital and to operate its business while in bankruptcy.
Loehmann's, a Melville, N.Y.-based retailer of women's clothing, filed for bankruptcy on Dec. 15. The Chapter 11 case number is 13-14050.
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