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Maronda Homes: Court OKs use of cash collateral through Aug. 31
By Lisa Kerner
Charlotte, N.C., May 26 - Maronda Homes, Inc. was granted approval by the U.S. Bankruptcy Court for the Western District of Pennsylvania to use cash collateral to fund its operations while in bankruptcy through Aug. 31, according to an attorney familiar with the case.
The final hearing on the company's use of cash collateral will be held on Aug. 23, according to a Thursday court filing.
Maronda, a Clinton, Pa., homebuilder, filed for bankruptcy in the U.S. Bankruptcy Court for the Western District of Pennsylvania on April 18. The Chapter 11 case number is 11-22418.
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