BSPV-Plano gets further interim approval of cash collateral use

By Sarah Lizee

Olympia, Wash., April 4 – BSPV-Plano, LLC received further interim approval to access its cash collateral Friday from 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 15.

A final hearing is scheduled for April 19.

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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