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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 ...
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]
Bankruptcy has led to the closure of another chain store in Fayetteville. Furniture retailer Conn's Home Plus is closing all 170 stores, affecting 4,000 employees across 15 states, including a ...
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Chapter 13 bankruptcy: Chapter 13 allows a distressed debtor who has regular income, and total secured and unsecured debt of no more than $2,750,000, to maintain control of their assets while ...
On March 5, 2020, Art Van Furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy. Barker Bros. – Los Angeles-based furniture store chain which was at one time the largest furniture store chain on the west coast for nearly a century before it filed for bankruptcy in 1992
The chain filed for its second bankruptcy and liquidation on August 7, 2019, [12] closing the remaining 54 stores [13] with plans to auction its intellectual property. [14] ALDO filed for bankruptcy on May 7, 2020, citing repercussions related to the COVID-19 pandemic as to why. [15] The shoe chain emerged from bankruptcy two years later. [16]