BSPV-Plano gets further interim approval of cash collateral use

By Sarah Lizee

Olympia, Wash., March 23 – BSPV-Plano, LLC received further interim court approval to access its cash collateral Wednesday with the U.S. Bankruptcy Court for the Eastern District of Texas.

The interim order said the company and bond trustee Huntington National Bank agreed to the interim cash collateral use until April 1, when a final hearing will take place.

The Plano, Tex.-based company was formed in May 2018 to acquire, own, develop and operate an independent senior luxury apartment community known as the Bridgemoor at Plano. It filed Chapter 11 bankruptcy on March 1 under case number 22-40276.

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