Loves Furniture Creditors Seek Probe of Retailer’s Quick Collapse (1)

Creditors of Loves Furniture Inc. are calling for an investigation into the retailer’s formation last year and quick collapse into bankruptcy, citing “significant” unsecured claims accrued in just eight months of existence.

The U.S. Bankruptcy Court for the Eastern District of Michigan should authorize a claims investigation into Loves and its owner, U.S. Assets Inc., an official committee of unsecured creditors said in a filing Monday.

The committee , which is considering potential litigation in the matter, seeks information from U.S. Assets and owner Jeffrey Love related to Loves Furniture’s finances, management and operational path from creation to collapse in ...