Graven International Group Inc., the operator of Tiny Planet preschools in Weston and Miami, Florida, requested emergency authority to use cash collateral in its Subchapter V Chapter 11 case. Its October 22, 2026 motion says immediate access to operating cash is necessary to keep the business running and proposes replacement liens for City National Bank of Florida. The filing requests relief; its attached order is a proposed order. Cash-collateral motion, pp. 1–4 and Exhibit B
The immediate issue is control over operating cash. The debtor says City National Bank of Florida, or CNB, holds prepetition debt and maintains an operating account against which it may assert a contractual right of setoff. Without authority to use cash collateral, the debtor warns that operations would be disrupted. Those statements are the debtor's grounds for emergency relief, rather than court findings. Cash-collateral motion, pp. 1 and 6
According to the motion, Graven entered into two loan transactions with CNB on May 29, 2025: a $375,000 term loan and a revolving line of credit with a $125,000 maximum principal amount. The debtor estimates petition-date outstanding balances of approximately $322,227 and $124,501.82, respectively. These are reported outstanding balances, distinct from the original loan amount and revolving commitment. Cash-collateral motion, ¶¶ 7–13
The debtor expects CNB to assert approximately $446,728.82 in debt secured by a first lien on substantially all its assets, including cash in the CNB account. The debtor reports approximately $10,612.54 in that operating account on the petition date; this account balance does not establish total company cash. The filing also expressly reserves the validity, priority and extent of the asserted secured debt. Cash-collateral motion, p. 1 n. 1 and ¶¶ 14–15
Requested cash use and replacement liens
Graven seeks interim use of cash collateral for ordinary operating expenses under an attached budget, followed by a final hearing. Its requested spending flexibility would permit a line item to exceed budget by 10%, or a larger line-item variance if aggregate spending above budgeted line items stays within 10% of the total budget. These are proposed permissions, rather than established spending authority. Cash-collateral motion, essential terms and ¶¶ 20–24
In exchange, the motion proposes replacement liens on property acquired or generated after the petition date, limited to any decrease in the value of CNB's interest in cash collateral. The requested liens would retain the validity, extent and priority of CNB's prepetition liens. The motion expressly excludes Chapter 5 claims and their proceeds, as well as proceeds of court-approved postpetition financing. Cash-collateral motion, essential terms
Status of the request
This account addresses the October 22 request. Exhibit B is a proposed order with blank hearing dates and does not establish that cash use was authorized. The evidence reviewed through October 24, 2026 does not establish an entered cash-collateral ruling; the spending limits and replacement-lien protections described above remain requested terms in this account. Cash-collateral motion, essential terms and Exhibit B
Sources
Cash-collateral motion, pp. 1–4 and Exhibit B /documents/407a8756-a1cd-450b-9324-c8fcd697d357/
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