Legacy Cares gets approval to access cash collateral through November

By Sarah Lizee

Olympia, Wash., Nov. 10 – Legacy Cares, Inc. was granted approval to access cash collateral through November, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Arizona.

The company and UMB Bank, NA have agreed to the terms of the cash collateral use.

The court said the debtor has a critical need to use cash collateral in order to administer and preserve the value of the estate.

Legacy Cares is a non-profit corporation that owns Legacy Park, formerly known as Bell Bank Park, a 320-acre sports and entertainment complex in Mesa, Ariz. The company filed bankruptcy on May 1, 2023 under Chapter 11 case number 23-02832.

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