California Ashley Store Owner Gets Chapter 11 Protection

November 24, 2008  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on November 2008 The owner of an Ashley Furniture Homestore in Bakersfield, Calif., has filed for and received Chapter 11 bankruptcy protection, the Bakersfield Californian reported on Monday.

An attorney representing Ashley licensee V.O. & Co. Frank and Mebby Van Ostrand said the store will continue normal operation.

“If somebody orders something at Ashley, they will get that product,” attorney T. Scott Belden said in the report. “We have gotten bankruptcy court orders to make sure that happens.”

Creditors include GE Commercial Finance, which is owed $940,000, according to court documents.

Mebby Van Ostrand and her husband, Frank, opened the store in 2006.

“We have a wonderful place to shop, we have great customers,” she said in the report. “Our plan is to move through this downturn with everyone else and continue to serve the community for years to come.”