From Home Furnishing Business
Rockaway Bedding Submits Chapter 11 Filing
By Home Furnishings Business in Bedding on April 2007
Rockaway Bedding, Randolph, N.J., has filed for Chapter 11 bankruptcy protection Tuesday in the U.S. Bankruptcy Court in New Jersey. The company operates more than 180 stores.
No reason was cited in its bankruptcy petition for the filing, but the company indicated it owes 20 unsecured creditors about $12.7 million. The retailer, which sells brands that include Sealy, Simmons and Tempur-Pedic, operates in seven Northeastern states and the District of Columbia.
According to press reports, the largest unsecured furniture industry creditors include Tempur-Pedic ($2.1 million), Simmons ($1.6 million), Sealy ($1.2 million), Serta ($844,000) and Stearns & Foster ($592,000).