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Monitor Group wins interim access to cash collateral to fund wind-down
By Caroline Salls
Pittsburgh, April 1 - Monitor Co. Group LP won court approval for the continued use of cash collateral to fund the wind-down account, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.
A final cash collateral hearing or further interim hearing will be held on June 24.
As previously reported, the company completed the sale of substantially all of its assets to Deloitte Consulting LLP.
Monitor, a Cambridge, Mass.-based strategy consulting firm, filed for bankruptcy on Nov. 7. Its Chapter 11 case number is 12-13042.
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