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From Home Furnishing Business
Naked Furniture to Hold 1-Day Liquidation Sale
May 7,
2014 by in Bankruptcy, Furniture Retailing, Industry 
Retailer Naked Furniture will host a one-day inventory sale Thursday as part of its bankruptcy proceedings.
The Naked Furniture on Washtenaw Avenue will have a complete inventory sale on Thursday, May 8 – more than two months after the store's owner abruptly filed for bankruptcy and closed the store after nearly 15 years in business.
A sign is attached to the front door of the building that reads:
“Public Notice: Naked Furniture of Ann Arbor is closed under federal bankruptcy court case #14-30464 Chapter 7. Soon there will be a $1,000,000 total bankruptcy liquidation of all furniture at this location. Doors open May 8, 10 a.m. Sale begins!”
Sam Sweet, the bankruptcy trustee, has been charged with selling off all of former owner Ronald Lafluer’s assets in order to pay off the debt ranging from $500,000 to $1 million.
Read Entire Story Source: The Ann Arbor News