Declaring bankruptcy may save you from further legal mitigations as far as payables are concerned but for large bed companies such as Dormia, it does not stop there. Acting apparently on their claim of bankruptcy, Dormia has been ordered to liquidate all its assets and products before it closes its doors.

For Dormia, this means additional work prior to closing the books. But for the consumers like us, it means lucrative discounts towards bed products such as mattresses, pillows and bed covers.

After the sales, Dormia will close all of its store locations, though it will continue to manufacture bedding products to be sold by other retailers.

Bankrupt mattress retailer Dormia has been ordered by a bankruptcy court to sell off all the merchandise at its retail locations - including its two stores in the Triangle.

(Source) Triangle Business Journal

Tags: bankruptcy court, bed covers, bedding products, consumers, declaring bankruptcy, dormia, mattress retailer, mattresses, pillows, retail locations

This entry was posted on Tuesday, July 1st, 2008 at 2:30 pm and is filed under BED Home, BED News, Beddings.
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