PeopLoungers continues operations

August 2007
Furniture/Today;8/27/2007, Vol. 31 Issue 50, p6
Trade Publication
The article reports on the plan of PeopLoungers Inc., which is in Chapter 11 bankruptcy proceedings, to continue operating despite an effort by the Bank of New Albany to get the motion furniture producer to sell its assets in Nettleton, Mississippi. The company argued in federal bankruptcy court that it is in the best interests of all to keep the business going with Capital Business Credit providing several million dollars to keep it operating.


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