In re Colad Group, Inc.

324 B.R. 208 (2005)

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In re Colad Group, Inc.

United States Bankruptcy Court for the Western District of New York
324 B.R. 208 (2005)

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Facts

The Colad Group, Inc. (Colad) (debtor) was a printing company that produced and sold customized stationary products. Colad filed for reorganization under chapter 11 of the bankruptcy code. The day after filing, Colad’s counsel requested a hearing to seek a first day order to authorize necessary activities for Colad’s continued operations, including (1) the payment of pre-petition wages, benefits, and taxes, (2) continuation of a cash-management system to maintain existing accounts, and (3) continued retention of a restructuring consultant. Continental Plants Group, LLC (Continental) (creditor) was Colad’s primary secured creditor and participated in the conference to consider Colad’s motion.

Rule of Law

Issue

Holding and Reasoning (Bucki, J.)

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