TITLE

Uph. maker Life Style files Ch. 11

AUTHOR(S)
Evans, Gary
PUB. DATE
July 2007
SOURCE
Furniture/Today;7/2/2007, Vol. 31 Issue 42, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that upholstered furniture maker LifeStyle Furniture has filed for Chapter 11 bankruptcy protection, which owes its top 20 unsecured creditors $3.6 million. According to Danny Dempsey, president of LifeStyle, the company ran into financial problems when several of its customers filed for bankruptcy wherein its largest customer Levitz left more than $3 million in unpaid account. However, the judge approved the company using their cash collateral for continue operation.
ACCESSION #
25654918

 

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