Clark files Chapter 11
By Staff -- Home Textiles Today, 5/8/2003 2:27:00 PM
New York — Clark Holdings LLC has filed for Chapter 11 bankruptcy protection.
The company was formed in April 2002 as a result of a merger of Cyrus Clark Co. and Concord Home. According to Gilbert Lazarus, a partner in Lazarus & Lazarus here, debtor in possession financing has been agreed to by the lender and debtor and is awaiting approval by the judge.
The company has assets of $2.7 million and liabilites in excess of $4 million, according to Lazarus.
Clark Holdings will continue to operate, said Bill Zales, one of the principals.
We would love your feedback!
-
Clark Holdings enters Chapter 11
May 12, 2003
Featured Company
-
Wright Labels
Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more
