TITLE

Mattress Discounters files for Chapter 11

AUTHOR(S)
Thomas, Larry
PUB. DATE
September 2008
SOURCE
Furniture/Today;9/15/2008, Vol. 33 Issue 3, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Top 100 retailer Mattress Discounters has filed for Chapter 11 bankruptcy protection and plans to close about 50 of its 140 stores. According to Mattress Discounters president Steve Newton, the said decision was done because of the difficult situation faced by the retailers, thus they need to work with their lender to restructure their business.
ACCESSION #
34523700

 

Related Articles

  • Mattress Discounters taps Newton.  // Furniture/Today;04/16/2001, Vol. 25 Issue 32, p28 

    Announces that Mattress Discounters has promoted chief operating officer, Steve Newton as chief executive officer (CEO), replacing Steve Walker who has left the company. Agreement of Steve Gunn to assume the additional role of CEO of Mattress Holding Corp.

  • Systemic financial distress and auction-based bankruptcy reorganization. Hausch, Donald B.; Ramachandran, S. // International Review of Economics & Finance;Jun2009, Vol. 18 Issue 3, p366 

    Abstract: Most bankruptcy procedures try to reorganize a financially-distressed firm''s debts to a serviceable level through negotiations overseen by courts. Markets are an alternative to such negotiations. This paper develops a market-based approach that is appropriate if claimants are severely...

  • Auburn hospital files for Chapter 11 protection.  // Business Journal (Central New York);4/27/2007, Vol. 21 Issue 17, p7 

    The article reports that the Auburn Memorial Hospital Inc. has filed for Chapter 11 bankruptcy on April 23, 2007 to resolve liens filed by the federal Pension Benefit Guaranty Corp. and to restructure its debts to other creditors in New York. Hospital officials have also announced that the...

  • Are Bankruptcies Set To Speed Up? Freed, Dan // Investment Dealers' Digest;7/30/2007, Vol. 73 Issue 30, p3 

    The article discusses the quickening of bankruptcies and expected changes in restructuring plans under the influence of new bankruptcy laws in the U.S. The bankruptcies are viewed to speed up because companies have borrowed more money against their assets. The restructuring plans are also...

  • Sandy delays auction of Mattress Discounters. Thomas, Larry // Furniture/Today;11/5/2012, Vol. 37 Issue 9, p6 

    The article informs that an auction for Mattress Discounters Corp. that was scheduled in October 2012 has been delayed due to Hurricane Sandy.

  • Mattress Discounters 3Q sales slip 4.3%.  // Furniture/Today;11/19/2001, Vol. 26 Issue 11, p38 

    Reports the decline in the third quarter sales of Mattress Discounters in Upper Marlboro, Maryland. Impact of the economy on the sales decline; Sale of stores in Denver; Non-compliance with several financial credit agreements.

  • Mattress Discounters misses interest payment.  // Furniture/Today;7/22/2002, Vol. 26 Issue 45, p38 

    Reports that the retailer Mattress Discounters missed a July 15, 2002 interest payment to bondholders. Company's negotiation with bondholders, equity holders and major suppliers to rework its capital structure; Coordination between the Mattress Discounters' management team and the Sealy, its...

  • Mattress Discounters has $6.5 million net loss in 2Q.  // Furniture/Today;8/20/2001, Vol. 25 Issue 49, p38 

    Reports the revenue of Mattress Discounters, a bedding retailer in Upper Marlboro, Maryland. Decrease in the sales of the company on the second quarter; Reason behind the net loss of the company; Decline in retail operations.

  • UNITED STATES 1939 - 2009 WAR AND BANKRUPTCY.  // Cosmetic World;6/8/2009, Vol. 45 Issue 9, p156 

    The author looks back on the history of industries in the U.S. The author comments that the threat of military action is far behind but the threat of terrorism is real and security is a critical need. However, the author assures that the people need not to worry because aside from security, the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics