Wood-Armfield to Start Shipping Orders

September 28, 2006  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on September 2006 Bankrupt High Point retailer Wood-Armfield has received permision from the U.S. Bankruptcy Court for the Middle District of North Carolina to start shipping furniture to some customers, the News & Record (Greensboro, N.C.) reported today.

The retailer had closed June 5, and the company’s Utility Craft store, also in High Point, closed earlier this year.

Wood-Armfield filed for Chapter 11 in July. The company can begin shipping by Monday, but the ruling only applies to customers whose furniture deposits are less than $2,225.

Christy Myatt, a Greensboro attorney representing Wood-Armfield, said told the newspaper that the company will be back in court in another two weeks about shipping orders with deposits of more than $2,225.

Company documents show that Wood-Armfield owed customers about $1.93 million in deposits on pending orders.

A going-out-of-business began last week at Wood-Armfield’s downtown store.