Levitz liquidation sales begin

Engel, Clint; Evans, Gary
December 2007
Furniture/Today;12/10/2007, Vol. 32 Issue 14, p4
Trade Publication
The article reports on the approval of the U.S. Bankruptcy Court in support to the sale of Levitz Furniture Co. Inc. assets in New York, clearing the way for liquidation. The liquidation includes $165 million of furniture and accessories inventory that discounts 20% to 50% . The sales run for an estimated eight to 12 weeks. The court sets up a trust for unsecured creditors that depends on the result of the upcoming liquidation sales and other factors.


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