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Polaroid trustee granted use of $447,000 in cash collateral in 2018
By Caroline Salls
Pittsburgh, Nov. 30 – Polaroid Corp.’s Chapter 7 trustee received court approval to use $447,000 in cash collateral to administer the company’s bankruptcy estate from Jan. 1 through Dec. 31, 2018, according to an order filed with the U.S. Bankruptcy Court for the District of Minnesota.
As of Sept. 30, the trustee said the total cash on deposit held by the Polaroid Corp. estate was $27.17 million, while the Polaroid Consumer Electronics estate held $13.36 million, for a total of $40.53 million.
Polaroid, a Minnetonka, Minn., instant and digital imaging company, filed for bankruptcy on Dec. 18, 2008. Its Chapter 7 case number is 08-46617.
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