TITLE

Rose hopes to stay open with creditors deal

AUTHOR(S)
Engel, Clint
PUB. DATE
February 2007
SOURCE
Furniture/Today;2/12/2007, Vol. 31 Issue 23, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
23978931

 

Related Articles

  • FURNITUREVILLE, U.S.A. Callaway, Libby // Arthur Frommer's Budget Travel (Newsweek LLC);Mar2006, Vol. 9 Issue 2, p27 

    This article presents information on the furniture market in High Point, North Carolina. Twice a year, more than 70,000 furniture experts visit the town for the International Home Furnishings Market exposition. Rose Furniture has stock from over 700 manufacturers, including Bernhardt, Lexington,...

  • Rose store closes for good. Engel, Clint // Furniture/Today;5/28/2007, Vol. 31 Issue 37, p2 

    The article reports that Rose Furniture store has closed for good in High Point, North Carolina. The company will liquidate its remaining assets under receivership and distribute proceeds to its creditors. Rose President Buck Kester says that after 82 years in operation, the company regrets its...

  • Shopping in High Point.  // Southern Living;Nov2006, Vol. 41 Issue 11, p55 

    The article features furniture stores in High Point, North Carolina. Ample showroom space is provided at Furnitureland South. Rose Furniture store has been voted as the best in the area since 2002. A wide range of traditional pieces of furniture can be found at Boyles Furniture. The best deals...

  • Retailer: CIT situation could impact product. Allegrezza, Ray // Furniture/Today;7/27/2009, Vol. 33 Issue 45, p39 

    The article focuses on the analysis of Steve Rotman of Rotmans Furniture on the effect of CIT Group Inc.'s business failure in various home furnishing retailers in High Point,North Carolina. The firm has declared bankruptcy after it failed to receive financial aid from the federal government....

  • Carpenter, Mills garner top awards from FMCA. Engel, Clint // Furniture/Today;10/2/2006, Vol. 31 Issue 5, p54 

    The article reports on the presentation of awards to Dave Carpenter of La-Z-Boy Inc. and to Angie Mills of Bernhardt at the meeting of the Furniture Manufacturers Credit Association (FMCA) in Philadelphia, Pennsylvania, in recognition to their service to the industry and to the organization. The...

  • High Point Group to liquidate Wood Armfield inventory. Engel, Clint // Furniture/Today;10/2/2006, Vol. 31 Issue 5, p73 

    The article reports on the hiring of High Point Group (HPG) by the bankrupt furniture retailer Wood Armfield to facilitate the liquidation sale of the company's inventory in North Carolina. On July 20, 2006, Wood Armfield filed for Chapter 11 bankruptcy protection to seek authorization for the...

  • US Airways' Bankruptcy Filing Slams Municipal Bondholders. Fine, Jacob // Bond Buyer;8/13/2002, Vol. 341 Issue 31448, p1 

    Reports the effects of the application for Chapter 11 bankruptcy protection of the US Airways on the municipal bond investors in the U.S. Prediction of declining investment return; Price of the bonds; Provision of financing for airport security.

  • TURBULENCE AHEAD FOR U.S. AIR DEBT. Appin, Richard // Investment Dealers' Digest;8/19/2002, Vol. 68 Issue 33, p8 

    Reports the application for Chapter 11 bankruptcy protection of the U.S. Airways Group Inc. in the U.S. Concerns of the investors on the enhanced equipment trust certificate issued by the firm; Volatility of the aircraft values; Need for airline restructuring.

  • Choppy ride has investors feeling queasy. McNulty, Ian // New Orleans CityBusiness (1994 to 2008);02/11/2002, Vol. 22 Issue 34, p1 

    Focuses on the impact of the recession on investors in the United States. Disappointment of investors on the condition of the stock market; Accounts on the filing of bankruptcy protection by large corporations; Concerns on the financial losses of investors.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics