Terri's Consign & Design Furnishings Liquidating

June 10, 2010  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on June 11, 2010

Terri's Consign & Design Furnishings, Phoenix, has closed its four stores as the consigned furniture retailer files Chapter 7 bankruptcy, the Arizona Republic reported Friday.

The bankruptcy leaves $5 million-plus in furniture sold for around 600 consigners is up in the air; and 1,700 customers with furniture inside stores locked under court order.

The report said that the Arizona Attorney General's Office and the Better Business Bureau of Central, Northern and Western Arizona have been receiving customer complaints of non-payment for furniture consigned and sold at the stores for months.

Terri's stores in Scottsdale, Peoria, Chandler and Mesa have been closed since June 3.