Friendship Village of Schaumburg gets interim OK to use cash collateral

By Sarah Lizee

Olympia, Wash., June 23 – Evangelical Retirement Homes of Greater Chicago, Inc., which does business as Friendship Village of Schaumburg, received interim approval to use cash collateral, according to an order filed Friday with the U.S. Bankruptcy Court for the Northern District of Illinois.

Bond trustee UMB Bank, NA has consented to the cash collateral use.

The company can access the cash collateral through July 5.

The Schaumburg, Ill.-based retirement community filed bankruptcy on June 9 under Chapter 11 case number 23-07541.

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