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Some Loves Furniture customers left without furniture or a refund months after bankruptcy filing
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Some Loves Furniture customers left without furniture or a refund months after bankruptcy filing
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Gardner-White s new Detroit Furniture Collection is made in U.S.
Gardner-White is taking a page out of the former Art Van Furniture s playbook. The Detroit retailer has introduced a Detroit Furniture Collection, made exclusively for Gardner-White, that includes the Marisol sectional and accent chair and few other pieces. Each piece is made in the United States and handcrafted with superior quality, according to the retailer s website. Prices range from $679 for the Marisol Accent Chair to $2,399.99 for the Marisol section. Go to gardner-white.com/brands/detroit-furniture-collection.
Check out latest deck trends, materials at On Deck Saturday
Homeowners contemplating redoing or building a new deck when the weather warms up may want to check out Dillman & Upton s next On Deck Saturday from 9 a.m. to 1 p.m. this weekend at its showroom in downtown Rochester. Deck professionals will be on hand to answer questions and customers will be able to check out displays featuring lo
Art Van workers claim victory after private equity firm owner boosts bankruptcy payouts
Lauren Coleman-Lochner and Eliza Ronalds-Hannon
Bloomberg
Print
Thomas H. Lee Partners is nearly doubling a fund to assist former workers at its bankrupt Art Van Furniture chain, after months of pressure from employees who said a payment of around $400 each was grossly inadequate.
The private equity firm is adding $950,000 to a $1.1 million fund it established last year, according to United for Respect, the group that worked with former employees to demand health coverage or cash assistance after Art Van filed for bankruptcy last year.
A representative for Boston-based T.H. Lee, which manages $11.6 billion, declined to comment on the decision. The firm had previously said it couldn t increase the size of the fund because it lost its own investment in Art Van.
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It has been just over a year since the first known COVID-19 cases and related shutdowns occurred in the US. In early 2020, everything from grocery shopping to global politics was deemed “unprecedented” and “unpredictable.” However, as the pandemic continues into 2021, precedents have begun to be established, even as unpredictability remains. In the field of bankruptcy, as elsewhere, we are seeing new trends and establishing new ways of practicing, some of which look likely to survive the pandemic, even if many businesses do not.
The Virtual Pivot
Government restrictions and public health concerns abruptly forced restructuring practitioners to a virtual platform in March 2020. Court offices were closed, physical document deliveries were prohibited, physical client meetings became a public health risk, and courts mandated that hearings be held telephonically or by video conference. While some of these restrictions
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