In re Domum Locis LLC

Good Law
2014 WL 6461748·521 B.R. 661
United States Bankruptcy Court, Central District of CaliforniaDecember 5, 2014Bankruptcy No. 2:14-bk-23301-RK; Adversary No. 2:14-ap-01594-RKCalifornia9,070 words

Opinion

Lead Opinion

Kwan, J.

MEMORANDUM DECISION ON VARIOUS MOTIONS OF DEBTOR AND CREDITOR LLOYDS TSB BANK PLC

Pending before the court are various motions by Debtor Domum Locis LLC (“Debtor”) and Creditor Lloyds TSB Bank pic (“Lloyds”) in the main bankruptcy ease and in the adversary proceeding brought by Debtor against Lloyds, which were set for hearing on October 22, 2014. The court has found that because the material facts necessary to resolve these motions are not in dispute, there is no need to proceed with the evidentiary hearings for these matters and that further héarings are no longer necessary because the parties have fully briefed these matters and the court has fully heard the oral arguments of the parties at prior hearings and additional argument would not be helpful. Accordingly, the court dispenses with the evidentiary hearings and further oral argument on these matters and takes the matters under submission, and issues this decision resolving these matters.

These motions are: (1) Debtor’s Motion for the Entry of an Order: (I) Authorizing Debtor to Utilize Cash Collateral Pursuant to 11 U.S.C. § 363 ; and (II) Granting Adequate Protection to Pre-Petition Secured Parties Pursuant to 11 U.S.C.…

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