Rose hopes to stay open with creditors deal

Engel, Clint
February 2007
Furniture/Today;2/12/2007, Vol. 31 Issue 23, p14
Trade Publication
The author reports the agreement between Rose Furniture in High Point, North Carolina and the creditors committee for partial repayment of debts in installments. The agreement enabled Rose Furniture to stay in business and avoid liquidation. According to Angie Mills of customer financial services, the out-of-court compromise settlement entails payments totaling $ 10 million to the creditors. Comments related to the issue from Dave Carpenter of La-Z-Boy Greensboro are included.


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