Bankruptcy Court Judge OKs Financing For FGMC
Bankruptcy Court Judge OKs Financing For FGMC
Abstract
Judge OKs Financing for FGMC David Krechevsky Jul 05, 2022 Financing package will allow FGMC to continue to fund loans in its pipeline. Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the District of Delaware granted interim approval of the financing. Plano, Texas-based FGMC and its affiliate, Maverick II Holdings LLC. filed for Chapter 11 bankruptcy protection on Thursday. A second hearing is scheduled for July 28. The company still has more than $1.9 million in payroll-related expenses, including $85,000 in payroll costs and $213,100 owed to contractors and for reimbursements and $6,600 in health plan costs.
