Clark files Chapter 11
May 8, 2003,
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.
Clark Holdings will continue to operate, said Bill Zales, one of the principals.