TBH19 secured creditor looks to conduct discovery on borrowing motion

By Caroline Salls

Pittsburgh, May 12 – TBH19, LLC secured creditor DBD Credit Funding LLC asked the U.S. Bankruptcy Court for the Central District of California to continue the May 28 hearing on the company’s requests to borrow money and use cash collateral, according to a motion filed Monday.

Specifically, DBD asked the court to continue the hearing to July 21, as well as to extend the deadlines for filing responses and replies to the motion to July 7 and July 14, respectively.

DBD said it received notice of the motions on May 7 that, along with numerous declarations and other documents, totaled more than 200 pages.

The secured creditor said its counsel requested that the company meet regarding either an expedited timeline to complete discovery or a continuance of the hearing until after discovery could be completed.

However, DBD said TBH19 had not responded to that request.

DBD said it “has an interest in evaluating the merits of the debtor’s motions, including debtor’s assertions that it ‘may need up to $800,000 on a revolving basis to ensure that [its] expenses are paid.’”

BH19 is a Los Angeles-based investment company. The company filed bankruptcy on Nov. 24 under Chapter 11 case number 19-23823.

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