Local Ashley Furniture Gets Bankruptcy Protection
The owner of the Bakersfield branch of Ashley Furniture Homestore received Chapter 11 bankruptcy protection this month. “If somebody orders something at Ashley, they will get that product,” he said. “We have gotten bankruptcy court orders to make sure that happens.”
The downturn in the retail market and the tightening of the credit market prompted the [...]
Lender pushes for Douglas Furniture liquidation
Douglas Furniture’s principal lender has filed a motion to dismiss the company’s Chapter 11 bankruptcy case, arguing that the upholstery and casual dining resource has no realistic prospects of resuming operations.
“The bankruptcy case was filed for one reason to liquidate property in which Heller holds a first-priority lean,” the motion states. “(Douglas) is no longer [...]
Marin’s Bellach’s Furniture Chain In Bankruptcy Court
One of Marin’s oldest furniture chains is in a bankruptcy reorganization that the second-generation owner thinks could lead to the end of the 70-year-old family business.
Jerome Bellach, 66, of Belvedere, filed for Chapter 11 bankruptcy in March with the intention of reorganizing his business, which had slumped along with the economy.
Tags: arc, bankruptcy court, bankruptcy [...]