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United Furniture selling Mississippi properties following bankruptcy filing

United Furniture has entered a stalking horse purchase agreement with Phoenix Acquisition LLC regarding the sale of all its properties, setting the value of the company’s assets at $65 million. Over six months have passed since Wells Fargo and two additional creditors pressed for United to file Chapter 7 bankruptcy,.

United Furniture enters into $65 million stalking horse agreement

United Furniture enters into $65 million stalking horse agreement
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