Struggling Mattress Tub & Past information for chapter safety
Mattress Tub & Past has filed for chapter safety, however the firm says its shops and web sites will stay open and proceed serving prospects
UNION, N.J. — Mattress Tub & Past has filed for chapter safety, however its shops and web sites will stay open and proceed serving prospects, the corporate stated.
The beleaguered house items chain made the submitting Sunday in U.S. District Courtroom in New Jersey, itemizing its estimated property and liabilities within the vary of $1 billion and $10 billion. The transfer comes after the corporate didn’t safe funds to remain afloat.
In a press release, the corporate primarily based in Union, New Jersey, stated it voluntarily made the submitting “to implement an orderly wind down of its companies whereas conducting a restricted advertising course of to solicit curiosity in a number of gross sales of some or all of its property.”
The agency stated its 360 Mattress Tub & Past and 120 Purchase Purchase Child shops and web sites will stay open and proceed serving prospects because it “begins its efforts to effectuate the closure of its retail places.”
The corporate stated it additionally intends to uphold commitments to prospects, workers and companions.
