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From Home Furnishing Business

Easy Life Furniture Files Chapter 11

Home furnishings retailer Easy Life Furniture has filed Chapter 11 under the U.S. Bankruptcy Court and plans to liquidate its 14 stores.

The Buena Park, Calif.-retailer's filing with the California Central Bankruptcy Court lists the company's assets at $6.7 million and debts of $12.4 million. The debt includes nearly $6 million in industry payables.

In the filing made Thursday, the company estimated the number of creditors to be between 100 and 199.

The top 20 creditors are listed as below:

* Board of Equalization (Sacramento, Calif.) $2.9 million;

* Wei, Ying-Chiao (Taipei, Taiwan) $2.4 million;

* Charles Shue (Carmel, Ind.) $600,000;

* Steve Hsu (Diamond Bar, Calif.) $400,000;

* Klaussner Furniture Inds. (Asheboro, N.C.) $389,712.20;

* Acme Furniture Ind. (City of Industry, Calif.) $354,390.54;

* The 2000 Design Inc. (Las Vegas) $340,535;

* Cerritos Retail Centercal (El Segundo, Calif.) $321,492.60;

* Comref So. Ca. Industrial (Newport Beach, Calif.) $297,201.68;

* Holland House (Indianapolis, Ind.) $268,438.32;

* Valassis Direct Mail (Windsor, Conn.) $258,000;

* Edwin S. Johnston Co. (Glendale, Calif.) $237,981.19;

* The Simmons Mfg. Co. (Atlanta) $221,551;

* Spirit Properties Ltd. (Santa Clarita, Calif.) $212,133.16;

* Las Vegas Land & Development (Los Angeles) $207,639.78;

* Corinthian Fine Furniture (Corinth, Miss.) $192,501.40;

* IFM (Bay Minette, Ala.) $161,661.50;

* Quad/Graphics Inc. (Atlanta) $146,769.20;

* Comfort Inds. (Whittier, Calif.) $142,395.50, and;

* Global Furniture (East Brunswick, N.J.) $141,967.10.

A creditors' meeting is set for June 13 at 10:30 a.m. at Ronald Reagan Federal Building and U.S. Courthouse at 411 W. Fourth St.







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Kerry arellano    5 years ago

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I'm upset cause I paid almost $2000 for my furniture and now that I need repairs I don't get any help from ezlife or through guardian which easdylife talked me into getting. I haven't even had the furniture for a year. Guardian is the worst insurance you could buy, they are a scam cxasuse your told it will cover things but once you try to put a claim they deny it .
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michael graves    6 years ago

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A sad day for furniture yes! but for easy life furniture in bankruptcy way to go only in the U.S.A get your out of jail free card at easy life furniture and only at easy life pick-up yours to day.
i don't know how you can sleep at night your family of your employee and all the suppliers and their family justice-for-all only for easy life.
good luck to all.
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michael graves    6 years ago

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A sad day for furniture yes we will all miss easy life !!!
but for easy life furniture in bankruptcy way to go easy life only in the good old U.S.A get your get out of jail free card at easy life furniture and only at easy life pick-up yours to day its only money but not yours !!
i don't know how you can sleep at night your familys of your employee and all the suppliers and their familys justice-for-all only for easy life.
good luck to all.
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Laura Rodriguez    6 years ago

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I bough a set of sectional couches less that two months ago. Two of the recliners already gone bad and need repair/replacement. I called the corporate office and was told there's nothing they can do. I also bought the 4 year service agreement that I'm told will not be honored. :/
Does anyone have any ideas as to what I can do?
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