Fixture Maker Fleetwood’s Bankruptcy Converted to Liquidation

Fleetwood Acquisition Corp. convinced a bankruptcy judge to convert its bankruptcy case to a Chapter 7 liquidation after the defunct furnishings maker said it shouldn’t languish in Chapter 11.

The approval Tuesday by Judge Karen B. Owens of the U.S. Bankruptcy Court for the District of Delawareputs what remains of the company’s estate in the hands of a court-appointed trustee. Owens approved the uncontested motion without a hearing.

The Pennsylvania-based company, which manufactures fixtures for retail stores, filed for Chapter 11 in November, aiming to streamline its operations. But the company began losing major customers in the wake of coronavirus-related ...