Rockaway selling units

Engel, Clint
May 2007
Furniture/Today;5/7/2007, Vol. 31 Issue 34, p1
Trade Publication
The article reports that Rockaway Bedding is seeking to close or sell all but roughly 50 stores in New Jersey and Delaware. The author stated that the company, which filed a bankruptcy protection, has asked the court for approval to hire Hilco Merchant Resources to run going-out-of-business sales, liquidating approximately $4.25 million in goods at 121 out of about 180 stores. It also plans a complete or near-complete closure from other branches including New York, Pennsylvania, and Connecticut.


Related Articles

  • Around the State: North.  // njbiz;4/16/2007, Vol. 20 Issue 16, p31 

    The article presents business news briefs in the northern region of New Jersey as of April 2007. CCA Industries Inc. will be acquired by New York City-based private investment firm Dubilier & Co. for $94 million. Rockaway Bedding Inc. has filed for Chapter 11 bankruptcy protection in the U.S....

  • LEGAL: Tucson bankruptcies increase over last month, still trail '05.  // Inside Tucson Business;11/20/2006, Vol. 16 Issue 23, p18 

    The article presents information related to bankruptcy filings in Tucson, Arizona, in the month of October 2006. Compared to September, Tucson bankruptcy filings in October were up 31 percent. The Tucson Divisional Office of the U.S. Bankruptcy Court received 184 bankruptcy filings in October....

  • Business failures fall in second quarter of 2004.  // Credit Control;2004, Vol. 25 Issue 3/4, p10 

    Reports on the decrease in the number of business failures in Great Britain in the second quarter of 2004. Rise in level of bankruptcies; Number of liquidations in England and Wales; Reduction in number of liquidations and administrative receiverships.

  • Delphi plans cuts in Europe. Lewin, Tony; Flörecke, Klaus-Dieter // Automotive News Europe;5/15/2006, Vol. 11 Issue 10, p4 

    The article reports on the impact of U.S.-based supplier Delphi's decision to put its U.S. operations in Chapter 11 bankruptcy protection in October 2006 on Delphi facilities in 4 European countries. Delphi will exit several sectors in the automobile industry, including brakes, steering and...

  • PSINet's Prospects? Likely Chapter 11. Roberts, Ricardo // Mergers & Acquisitions Report;11/13/2000, Vol. 13 Issue 45, p5 

    Predicts a bankruptcy filing of PSINet Inc. due to the poor performance of the company. Strategic alternative to sell the company; Details of the company's decline of stock price; Prospect buyers of the company.

  • After sale, Riverstone Networks stock payouts still unclear. Sanders, Bob // New Hampshire Business Review;4/14/2006, Vol. 28 Issue 8, p18 

    The article reports that the sale of bankrupt Riverstone Networks Inc. to Lucent Technologies could not come soon enough for shareholders. according to the company's latest financial statement, Riverstone has lost about $10 million in net equity in the three weeks following the bankruptcy...

  • Insolvencies fall.  // Credit Management;Mar2005, p13 

    This article reports on the increasing company failures in the final three months of 2004, the first since 2002. According to Phil Cotter, managing director of Experian's Business Information division, the increase in company failures is a worrying sign and reflects the more difficult trading...

  • Investment Opportunities in Subprime? Dymi, Amilya // Mortgage Servicing News;Sep2007, Vol. 11 Issue 8, p1 

    The article provides information concerning the investment opportunities in the U.S. High default, foreclosure, and bankruptcy rates are scaring off subprime market investors. According to the report from Advantus Capital Management Co., when investors overreact opportunities emerge in the form...

  • Law. Pickard, Helen // EG: Estates Gazette;11/28/2015, Issue 891, p015 

    The article reports on the requirement for insolvency practitioners to comply to the best practice guidance when dealing with pre-pack sales in the form of revised Statement of Insolvency Practice 16 (SIP 16) starting November 1, 2015. Topics discussed include pre-pack sales and its uses for...


Read the Article


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

Try another library?
Sign out of this library

Other Topics