Wells Fargo continues to seek independent trustee in United bankruptcy proceeding
Largest secured creditor cites examples of ‘gross mismanagement, lack of integrity and ongoing incompetence’ in how UFI has handled matters since its sudden Nov. 21 …
Category: closings and consolidations
United Furniture Industries swings back into public view
Jan. 6 request to convert bankruptcy to Chapter 11 indicates rehired execs have worked behind the scenes to ‘maximize the company’s value for all stakeholders‘ …
United Furniture Industries Chapter 7 case could identify more key creditors
Bankruptcy court will hold hearing Friday to appoint trustee in involuntary filing TUPELO, Miss. — Today’s anticipated hearing to appoint a trustee in the involuntary …
Wells Fargo declaration describes financial relationship, issues with shuttered United Furniture Industries
TUPELO, Miss. — The day it abruptly ceased operations, United Furniture Industries told its primary lender that it needed a significant amount of money to …
Wells Fargo, other creditors seek Chapter 7 bankruptcy for United Furniture Industries
Bank said it is owed more than $99.2 million in secured debt TUPELO, Miss. — Wells Fargo Bank and two other creditors have filed an …
Lane, United Furniture workers will soon have their day in court
Company also will have its chance to explain ‘unforeseen circumstances’ leading to its unfortunate and sudden demise TUPELO, Miss. — On paper there are at …
Big Lots looks to fill voids created by United, Lane
Products supplied by both manufacturers represented 7% of merchandise purchases thus far in 2022 COLUMBUS, Ohio — Given its latest quarterly performance, Big Lots didn’t …
GXO Logistics to close Kenosha Wisconsin warehouse facilities in February 2023
KENOSHA, Wisc. — Logistics services provider GXO Logistics is closing its general warehouse and storage facilities here, a move that will impact 146 workers starting …
Trucking company sues Wells Fargo for denying access to commercial property being held at United Furniture Industries
ABERDEEN, Miss. — A trucking company here has filed a class action lawsuit against Wells Fargo alleging it and others have been denied access to …
WARN Act violations at heart of lawsuits filed against United Furniture Industries
Attorneys representing former employees said the law is clearly on the workers’ side TUPELO, Miss. — A document obtained by Home News Now shows that …
