Kirk access to $1.85 million of cash collateral extended to Sept. 4

By Jennifer Lanning Drey

Portland, Ore., Aug. 13 - Kirk Corp.'s access to $1.85 million of cash collateral was extended to Sept. 4 by the U.S. Bankruptcy Court for the District of Illinois, according to a Wednesday filing.

The company's interim access to cash collateral was previously set to expire Aug. 12.

Kirk previously said the cash collateral is being used to pay wages, salaries and operating expenses.

Kirk, an employee-owned homebuilder based in Streamwood, Ill., filed for bankruptcy on May 12. Its Chapter 11 case number is 09-17236.

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