Kirk granted emergency request for extension to cash collateral use

By Alice Popovici

New York, Sept. 2 - Kirk Corp. obtained approval of its emergency request for authorization to use $1.85 million in cash collateral through Sept. 25, according to a Wednesday filing with the U.S. Bankruptcy Court for the Northern District of Illinois.

The company filed the emergency motion Tuesday.

Kirk's access to $1.85 million of cash collateral was previously extended to Sept. 4 from Aug. 12. The company 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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.