The initial bankruptcy document offered few details about Loves Furniture s problems, but said the company has between 100 and 199 creditors and $10 million to $50 million in liabilities.
According to Loves bankruptcy attorney, the company is looking to keep open its remaining 13 stores and bring in a liquidation company to run going-out-of-business sales for unsold furniture. Some of those stores still display grand opening banners.
Loves Furniture would then seek a new owner for the stores as part of the bankruptcy process, according to attorney Max Newman of Butzel Long. More details about Loves Furniture s plans could be released later in the day.
The initial bankruptcy document offered few details about Loves Furniture s problems, but said the company has between 100 and 199 creditors and $10 million to $50 million in liabilities.
According to Loves bankruptcy attorney, the company is looking to keep open its remaining 13 stores and bring in a liquidation company to run going-out-of-business sales for unsold furniture. Some of those stores still display grand opening banners.
Loves Furniture would then seek a new owner for the stores as part of the bankruptcy process, according to attorney Max Newman of Butzel Long. More details about Loves Furniture s plans could be released later in the day.
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When the calendar turned to 2020, chances are unless you were an epidemiologist you probably had no knowledge of COVID-19.
By mid March, this coronavirus disease would completely upend life as we know it in Macomb County and around the world.
Recently, Macomb Daily writers and editors held a meeting (virtually, of course) to sort out the top 10 news stories of 2020. Not surprisingly, the onset of COVID-19 and all that came with it was voted no. 1.
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It was a pretty obvious choice in a year that came with lots of important news, including the disgraced resignation of a longtime Macomb County official, racial unrest, political strife in the countyâs largest city and an election that stamped Macomb as a solidly red county with Republicans seizing control of county government.
Loves Furniture & Mattresses to close Dearborn location after the holidays pressandguide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressandguide.com Daily Mail and Mail on Sunday newspapers.