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Rochelle's Daily Wire

New York Judge Refuses to Waive Collateralization for Debtors’ Bank Accounts

In a large ‘prepack,’ the debtor was required to spend $80,000 a month for its depository bank to obtain a bond required by Section 345(b).

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Opinion Link

Case Details

Case Citation

In re Ditech Holding Corp., 19-10412 (Bankr. S.D.N.Y. June 24, 2019)

Case Name

In re Ditech Holding Corp.

Case Type

Business