New details have emerged in recent court filings about United Furniture Inc.’s financial health leading up to the company’s abrupt decision to cease operations two days before Thanksgiving.
Besides filing a petition Friday to force Mississippi-based United Furniture and its 10 affiliates into Chapter 7 bankruptcy proceedings, Wells Fargo Bank submitted a 377-page emergency motion seeking the appointment of an interim trustee.
In its motion, Wells Fargo asserts that UFI management contacted the...
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