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National Envelope Cleared to Keep Using 67.5 Million Loan

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A judge has cleared National Envelope to continue borrowing on a $67.5 million loan funding its chapter 11 case while it looks for a buyer to take it out of bankruptcy, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Christopher S. Sontchi on Friday gave approval for the company to borrow the full balance of the $67.5 million loan.