Tousa wins final bankruptcy court approval to use cash collateral

By Lisa Kerner

Charlotte, N.C., Dec. 5 - Tousa, Inc. obtained final court approval to use its lenders' cash collateral on Wednesday, according to an attorney familiar with the case.

As previously reported in October, the company received approval from the U.S. Bankruptcy Court for the Southern District of Florida for its 12th interim cash collateral request, with approval to use its lenders' cash collateral after Oct. 31.

Tousa is a Hollywood, Fla.-based homebuilder. The company filed for bankruptcy on Jan. 29, 2008 under Chapter 11 case number 08-10928.

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