Loves Furniture Inc. will postpone confirmation of its Chapter 11 plan until the end of August in an attempt to resolve numerous creditor objections.
Criticisms of the plan vary widely and came from a number of creditors, including the company’s merchant credit card processor Shift4 Payments LLC, lender Store Master Funding XII LLC, trucking company Penske Truck Leasing Co., and furniture manufacturers Fusion Furniture Inc. and Southern Motion Inc.
Loves’ attorney, Max J. Newman of Butzel Long, expressed hope at a hearing Wednesday that Loves could resolve most of the objections within 30 days.
Judge Thomas J. Tucker of the ...
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