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Published on 12/24/2015 in the Prospect News Distressed Debt Daily.

Coyne International cash collateral use extended through Feb. 26

By Mark Reccek

Bethlehem, Pa., Dec. 24 – Coyne International Enterprises Corp.’s cash collateral use has been extended through Feb. 26 from Dec. 21, according to an order filed Wednesday with U.S. Bankruptcy Court for the Northern District of New York.

The order said the cash collateral termination date is extended through Feb. 26, at which time, pursuant to a separate court order, the case will be converted to Chapter 7.

Coyne International Enterprises, a Syracuse, N.Y.-based commercial laundry company, filed for bankruptcy on July 31. The Chapter 11 case number is 15-31160.


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