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 | | Caldor, Inc., the bankruptcy court established other safeguards, including shortened payment terms, expedited procedures to deal with postpetition payment defaults, and financial reporting requirements, to ensure that the utility companies were not at an unreasonable risk of nonpayment for postpetition services. |
 | | Caldor was also concerned that if it engaged in separate negotiations with each utility, the utilities would require unreasonably high security deposits that could severely constrain Caldor’s reorganization efforts. |
 | | Because Caldor had always paid its utility invoices in a timely manner, the court held that no additional deposits were required to assure the utility companies that they would be paid. |
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