We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Kara Homes Modifies Reorganization, Draws Criticism

Law360 (August 30, 2007, 12:00 AM EDT) -- Kara Homes Inc. has amended its reorganization plan to consolidate an accounting affiliate of the bankrupt homebuilder in a move that a building material supplier suggested may be a way to avoid payment claims.

Kara Homes filed a document in a New Jersey bankruptcy court on Wednesday to modify its first amended master plan of reorganization to consolidate Kara Service Co. LLC with the home builder upon confirmation of a reorganization plan.

“Kara Service provided accounting and check writing services to Kara Homes Inc. Kara Service...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.