Daily News
From Home Furnishing Business
Erdos at Home Files for Bankruptcy; Asks Court to Allow GOB Sales
May 1,
2017 by Larry Thomas in Bankruptcy, Industry 
Retailer Erdos at Home, which closed all 12 of its stores in early April, filed for Chapter 11 bankruptcy protection a few days after the closings and has asked a U.S. Bankruptcy Court judge to allow them to re-open to conduct going-out-of-business sales.
Formerly known as I.O. Metro, the retailer rebranded itself as Erdos at Home in early 2016 and positioned itself as a source for stylish furniture and accessories.
Documents filed with U.S. Bankruptcy Court in Dallas indicate at least seven furniture vendors and two furniture industry service providers are among the 20 largest unsecured creditors. In the filing, Erdos at Home said it does not anticipate having money to pay unsecured creditors once administrative costs from the bankruptcy case are paid.
Court documents show that upholstery producer Palliser is the largest unsecured creditor and is owed $208,124. The next largest is Jonathan Lewis, who is owed $153,719.
Other furniture vendors and the amounts owed are Moe’s Home Collection, $71,537; Orient Express Furniture, $51,496; Imax, $45,083; Surya, $33,138; and Uttermost, $32,299.
In addition, trucking firm J.B. Hunt is owed $46,974 and software provider Storis is owed $78,973, according to a court filing.
No date has been set for a hearing on the retailer’s motion to conduct GOB sales, but the owner of The Farm, a high-end Tulsa, Okla., shopping center, has filed an objection to the motion, claiming that the retailer’s lease prohibits GOB sales.