Intrum AB, a Swedish debt purchasing and collections company, secured interim cash collateral access and other relief at its first day Chapter 11 hearing today (18 November), even as it faces an immediate push for dismissal from certain noteholders.

The motions today were mostly uncontested, with the company garnering court permission to continue using its cash management systems and pay wages in bankruptcy. Its cash collateral motion drew limited objection from the ad hoc committee of 2025 noteholders – the group which moved for dismissal today – based on the adequate protection package. That issue was kicked to the final hearing, set for 10 December.