A federal Bankruptcy Court judge is giving United Furniture Industries Inc. the opportunity to direct the sale of its assets, but requiring the oversight of a trustee.
Wells Fargo & Co. is opposing the Chapter 11 bankruptcy protection motion of United Furniture Industries Inc., saying it "is an exercise in revisionist history" and only benefits the manufacturer s
United Furniture Industries Inc. has filed for federal Chapter 11 bankruptcy protection in an attempt to avoid an involuntary liquidation sought by its largest creditor, Wells Fargo & Co.