Wood-Armfield to Liquidate

June 18, 2006  by in UnCategorized   

By Home Furnishings Business in on June 2006 High Point, N.C.-based retailer Wood-Armfield will file for Chapter 11 bankruptcy protection this week in preparation for liquidating the business. The company closed its doors earlier this month, and in March, had liquidated its Utility Craft showroom, also in High Point.

Bankruptcy counsel has been hired to assist with the filing, according to a message left at the retailer’s telephone number. The company also hopes to retain a sales consultant to fill existing orders.

Wood-Armfield had hoped to sell its 135,000-plus-square-foot downtown storefront and relocate to a new building to be constructed on a parcel it owned on Interstate Business 85 in High Point near that area’s so-called “Furniture Row,” a concentration of large furniture retail operations. All that property will be sold as well as part of the liquidation.