Hendricks Emerges from Bankruptcy

January 20, 2010  by in UnCategorized   

By Home Furnishings Business in on January 21, 2010

The parent company of retailer Boyles Distinctive Furntire, Hendricks Furniture Group, Conover, N.C., announced Wednesday that its plan to emerge from Chapter 11 bankruptcy has been approved.

Hendricks filed Chapter 11 in the U.S. Bankruptcy Court's Western District of North Carolina last June. In February, Hendricks had announced it would close its two Norris Furniture stores, which served a Florida market hard-hit by the housing crisis that struck in 2008.

"We're grateful to be emerging from this difficult but necessary process," said HFG President Chad Hendricks. "Our company would not have survived without the patience and loyalty of our customers, the commitment of our employees and the support of our industry partners."

Hendricks reorganization focused on its profitable, Carolina-based Boyles stores. Retail stores in Hickory, Charlotte, High Point and Mocksville have operated without interruption during the reorganization.