A Texas judge granted Texans CUSO Insurance Group LLC relief on its final cash collateral hearing nearly a month after the subsidiary filed for Chapter 11 bankruptcy protection.
"Judge House gave TIG the relief it requested on the cash collateral motion. It is business as usual at TIG," said Jo Trizila, a spokeswoman at $1.7 billion Texans Credit Union.
Trizila said she could not provide further details on the cash collateral motion that took place on Oct. 8.
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