The company formerly known as Lumber Liquidators is courting white knight bidders for a takeover, and will wind down by late August if no one makes a move.
The home furnishings e-tailer continues to take orders despite the weight of a serious lawsuit and a slew of angry customers. Meanwhile, founder Erin Burke has filed for bankruptcy.
Only days after filing for Chapter 7 bankruptcy and abruptly closing down its U.S. operation, British retailer Oka is looking to stave off bankruptcy in the U.K.
The now-shuttered Minneapolis-based e-commerce retailer has begun a bankruptcy-like process called an assignment for the benefit of creditors, which is designed to pay off the company's debts.
One of the largest independently owned paint brands in the U.S., Kelly-Moore is closing its Texas factory and 157 retail locations due to “massive legal and financial burdens.”
Since August, thousands of paid-for furniture items have been locked in a warehouse during MG+BW’s post-bankruptcy fallout. Now, some customers may finally get their purchases—if they’re willing to pay up.