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Bad Boy Furniture Warehouse Ltd. filed for bankruptcy protection in November 2023 to deal with $13.7m in debts. [7] After failing to file a proposal to creditors, Bad Boy became officially bankrupt in January 2024; any remaining assets would be sold off to pay creditors.
That same day, Conn's filed for Chapter 11 bankruptcy protection in Texas, listing assets and liabilities of between $1 billion to $10 billion. [7] The next day, on July 24, 2024, it was reported that Conn's was in the process of winding down and closing all of its nearly 600 Conn's and Badcock locations, with liquidation sales expected to be ...
The brand had 150 stores at its peak, predominantly on the West Coast. Anchor Blue declared bankruptcy in 2009 and shuttered more than 50 stores, and gradually shrank to include stores solely in California. It went bankrupt once more in 2011, with the remaining stores closed before Easter of that year. [48]
The chain has more than two dozen stores in Georgia.
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
Retired NBA star John Salley, who co-starred alongside Will Smith in three of the four Bad Boys movies, has spoken about working with the actor on the films. Salley, 60, appeared in the first two ...
In 1975 it acquired the Bad Boy Furniture chain of 40 stores in Toronto, Ontario area. [5] Absorbed into The Brick, the rights to the Bad Boy Furniture name was lapsed and later revived by Lastman family in 1991. In March 2004, the company acquired United Furniture Warehouse which had 81 locations throughout Canada at the time. [6]
The Fertitta family's Station Casinos, now headed by brothers Frank J. Fertitta, III and Lorenzo Fertitta, has long been a Las Vegas juggernaut. Started with a single casino opened by their late ...