Uph. maker Life Style files Ch. 11

Evans, Gary
July 2007
Furniture/Today;7/2/2007, Vol. 31 Issue 42, p2
Trade Publication
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.


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