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Creditors owed $99 5M by United Furniture; seek to force shuttered company into bankruptcy

Creditors owed $99 5M by United Furniture; seek to force shuttered company into bankruptcy
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United statesDavid belfordPhillip hearnSecurity associates of mississippi alabamaUnited furniture industriesUnited furniture industries incWells fargoSecurity associates

Creditors seek to force shuttered United Furniture into bankruptcy

New details have emerged about United Furniture’s financial health and why its lender, Wells Fargo Bank, filed a petition on Friday to force the furniture company into Chapter 7 proceedings after its abrupt shutdown.

United statesWinston salemNorth carolinaPort gibsonFelsenthal grais helsingerKimberly harperDavid belfordMarks melickianJim allen freightwavesWells fargo bankUs bankruptcy courtSecurity associates of mississippi alabamaUnited furniture industries incVb international incUnited furniture incWells fargo

Wells Fargo pursues $99 million from defunct United Furniture, projects recovering a fraction

Wells Fargo & Co. s claim of being owned $99.21 million in secured debt by United Furniture Industries Inc. is the driving force behind an involuntary bankruptcy petition against the manufacturer.

United statesNorth carolinaDavid rhoadesDavid belfordUs bankruptcy courtSecurity associates of mississippi alabamaVb international incWells fargo coUnited furniture industries incNc commerce departmentWells fargoUnited furniture industriesMill roadHigh pointNorthern districtSecurity associates

Wells Fargo seeks involuntary bankruptcy petition on United Furniture

Wells Fargo & Co. and two other creditors have filed a petition to force United Furniture Industries Inc. into liquidating its assets as part of an involuntary federal bankruptcy protection

United statesWinston salemNorth carolinaDavid rhoadesDavid belfordSecurity associates of mississippi alabamaSecurity associates of mississippiUnited furniture industries incManagement group united states incVb international incDfw linq transport incNc commerce departmentWells fargo coWells fargoUnited furniture industriesNorthern district

United creditors seek asset liquidationWells Fargo seeks involuntary bankruptcy petition on United Furniture

United creditors seek asset liquidationWells Fargo seeks involuntary bankruptcy petition on United Furniture
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Winston salemNorth carolinaUnited statesDavid rhoadesDavid belfordManagement group united states incVb international incSecurity associates of mississippiLinq transport incNc commerce departmentWells fargoWinston salem journalLane home furnishingsManagement group united statesHour act