Jones Day

Cleveland OH

Since 1893, Jones Day has grown, in response to our clients' needs, from a small, local practice to a truly global firm with more than 2,500 lawyers in 34 offices around the world. Today, Jones Day is one of the most recognized and respected law firms in the world, and we count more than 250 of the Fortune 500 among our clients.

Updates

Insolvency & Restructuring

Use of cash collateral to pay prepetition debt not prohibited by Jevic
USA | 26 June 2020

The ability of a bankruptcy trustee or a Chapter 11 debtor in possession to use cash collateral during the course of a bankruptcy case may be vital to the debtor's prospects for a successful reorganisation. However, because of the unique nature of cash collateral, the Bankruptcy Code sets out special rules that apply to the non-consensual use of such collateral to protect the interests of the secured creditor involved.