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Product Quest granted access to cash collateral; next hearing Sept. 27
By Caroline Salls
Pittsburgh, Sept. 19 – Product Quest Manufacturing, LLC obtained court approval to use cash collateral on an emergency basis, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Middle District of North Carolina.
As previously reported, the cash collateral use will provide for working capital requirements and other general purposes during the Chapter 11 case.
The cash collateral use is scheduled to expire on Sept. 28. A further interim hearing is scheduled for Sept. 27.
Holly Hill, Fla.-based Product Quest manufactures primarily over-the-counter drugs and cosmetics, as well as some prescription drugs and animal health products. The company filed bankruptcy on Sept. 7 under Chapter 11 case number 18-50946.
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