Flooring Companies That Filed Chapter 11

Many are battle weary survivors of numerous layoffs purges and mergers.

Flooring companies that filed chapter 11.

Text is available under the creative commons attribution sharealike license. The parent company of ann taylor and loft ascena retail group filed for chapter 11 bankruptcy protection earlier this week on thursday listing more than 1 billion in liabilities. Filing for chapter 11 gives companies one last opportunity to be successful. Tailored brands inc the parent company of men s wearhouse jos.

Chapter 11 is one of the easier methods of declaring bankruptcy and could help preserve any future. As of july 23 roughly 40 retailers including big and small companies had filed for chapter 11 bankruptcy so far this year. When a company files for chapter 11 the workforce is understandably nervous. In the athmar park neighborhood said in a friday filing that it owes between 1 million and 10 million to between 100 and 200 creditors.

2 the same day as department store chain lord taylor. A company s formal strategy for exiting chapter 11 bankruptcy in a way that leaves the company stronger than it was before declaring bankruptcy. Pages in category companies that filed for chapter 11 bankruptcy in 2020 the following 88 pages are in this category out of 88 total. It had 2 800.

This list may not reflect recent changes. Trenton nj july 14 2020 congoleum one of america s oldest resilient flooring manufacturers founded in 1886 has initiated voluntary reorganization proceedings in the district of new jersey. The denver franchisee of wholesale flooring retailer prosource has filed for chapter 11 bankruptcy. Also called a reorganization plan.

Your rights as an employee differ depending on whether your company filed a chapter 7 liquidation case or a chapter 11 reorganization case. Prosource of denver which operates a showroom at 730 s.