Bloomberg Law
March 9, 2020, 3:25 AM

Art Van Furniture Files for Chapter 11 Bankruptcy in Delaware

Shannon D. Harrington
Shannon D. Harrington
Bloomberg News
Rick Green
Rick Green
Bloomberg News

Art Van Furniture LLC, a furniture retail chain based in a suburb of Detroit, listed assets and liabilities of more than $100 million in its filing Sunday night in Delaware.

  • The company disclosed last week that it was liquidating all of its company-owned stores, which are located in Michigan, Illinois, Indiana, Missouri and Ohio
  • The retailer has a loan from middle-market lender FS KKR Capital Corp., which the business development company said in November it had marked as non-accrual
  • Levin & Wolf Furniture stores in Ohio and Pennsylvania will be sold to Robert Levin, pending court approval
  • Local media estimate ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.