Online Furniture Retailer Files Chapter 7

February 23, 2012  by in UnCategorized   

By Aggregated Content in Bankruptcy on February 24, 2012 from http://c.moreover.com/click/here.pl?z5984920194&z=1250249027

Wilmington, N.C.-based GreatPricedFurniture.com has filed for Chapter 7 bankruptcy liquidation.

The company, at 250 Raleigh St. and owned by Fred Rose and Sharon Rose, filed last week in U.S. Bankruptcy Court for Eastern North Carolina. The company listed assets of $41,427 and liabilities of $1.475 million.

Revenues last year totaled $3.16 million, down from $3.56 million in 2010, according to court documents. Revenues so far this year were listed at about $368,000.

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