Echelon Furniture which filed for bankruptcy in September 2014, will see its CNC routers, moulders, saws and other machinery auctioned February 26 in Gas City, IN.
Two former Furniture Brands International executives will receive up to $1 million in insurance payments to help defray legal costs associated with the bankrupt residential furniture corporation.
Furniture Brands International bankruptcy hit a snag as a trustee objected to a $6 million fee for Oaktree Capital Management. Oaktree is providing debtor in possession financing for the parent of Thomasville, Broyhill, and Lane brands. A creditor's committee