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Health Diagnostic allowed further interim access to cash collateral
By Kali Hays
New York, July 22 – Health Diagnostic Laboratory, Inc. received extended interim access to the cash collateral of Branch Banking & Trust Co. and BB&T Equipment Finance Corp., according to a July 22 order from the U.S. Bankruptcy Court for the Eastern District of Virginia.
A final hearing is scheduled for July 30, which is also the expiration date for the collateral use.
As previously reported, the cash collateral will be used to fund the company’s operations while in bankruptcy.
Health Diagnostic, a Richmond, Va.-based blood testing company, filed for bankruptcy on June 7. The Chapter 11 case number is 15-32919.
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