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Zohar secures final bankruptcy court approval to use cash collateral
By Caroline Salls
Pittsburgh, Dec. 10 – Zohar III, Corp. obtained final court approval to use the cash collateral of its pre-bankruptcy secured parties, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The cash collateral will be used to fund administrative costs and expenses.
Zohar is a Grand Cayman, Cayman Islands-based collateralized debt obligation. The company filed bankruptcy on March 11, 2018 under Chapter 11 case number 18-10512.
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