Monday, November 24, 2008

Local Ashley Furniture gets bankruptcy protection

More local retail pain:

The owner of the Bakersfield branch of Ashley Furniture Homestore received
Chapter 11 bankruptcy protection this month.

"If somebody orders something at Ashley, they will get that product,” he said. “We have gotten bankruptcy court orders to make sure that happens.”

Creditors named in the Nov. 10 filing include GE Commercial Finance, which is owed $940,000, documents show.

The downturn in the retail market and the tightening of the credit market prompted the filing, Mebby Van Ostrand said. She and her husband opened the Ashley store in August 2006.


Anonymous said...

There sales people were rude and their junk was over-priced. See Ya

Anonymous said...

2006? Talk about bad timing!