Update: Bankruptcy Court grants Latex Foam International motions
June 6, 2014,
SHELTON, Conn. – The U.S Bankruptcy Court, District of Connecticut, granted all four first-day motions proposed by Latex Foam International Holdings, Inc. on Wednesday, June 4. All subsidiary businesses, including Latex International and Pure LatexBliss, were part of the recent bankruptcy filing.
The key motions granted included joint administration, use of cash collateral, which permits the business to operate in the ordinary course of business, and to pay pre-petition payroll. The other key motion granted by the court involved authorization to maintain existing bank accounts, officials said.