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From Home Furnishing Business
Furniture Brands' Pension Top Unsecured Creditor
September 11,
2013 by in Bankruptcy, Industry
The list includes Pension Benefit Guaranty Corp., a government insurer of defined-benefit pensions, but it doesn't include the amount of the claim. According to Furniture Brands' most recently released quarterly report from August, the company's pension obligation was $208.7 million.
The creditors' list was prepared based on Furniture Brands' unaudited books and records as of Sept. 7.
Here's a look at the rest of the unsecured creditors' list:
LF Products PTE Ltd. owed $2.5 million
Zhejiang Ausen Industry Co. owed $2.4 million
Shenzhen Polygrace (Leather Miracles) owed $1.7 million
Yash Technologies PVT Ltd. owed $1.5 million
Fookyik Furniture International Co. owed $1.4 million
Penske Truck Leasing owed $1.2 million
Stein Fibers owned $989,142
Haining Kareno owned $962,135
Nippon Yusen Kabushi owed $954,572
Watkins & Shepard owed $903,470
Haining Nicelink Furniture owed $887,708
Horizon Retail Construction owed $873,425
Rocktenn CP owed $827,269
Der Cheng Furniture Co. Ltd. owed $688,898
Georgia-Pacific Wood Products owed $651,527
Hickory Springs Mfg. Co. owed $589,044
Omexey Home Furnishing Corp. of Vietnam owed $588,876
Culp owed $586,454
Nihao Furniture owed $582,892
Dongguan Yihao Furniture Co. Ltd. owed $566,296
Shayne International owed $562,925
Pilot Travel Centers owed $541,788
NYK Logistics owed $539,330
Standard Register owed $531,703
MOL America owed $510,605
Independent Furn Supply owed $476,754
Superwood owed $470,956
Yang Ming Marine Transport owed $463,760
Green River Furniture Corp. owed $452,961.