Carls Furniture Files for Chapter 11
Posted on Jun 30, 2011 6:40pm PDT
Carls Furniture has reportedly filed for bankruptcy protection and will possibly close two stores. According to reports, the company had to file Chapter 11 after suffering due to the housing crash. The company has reportedly listed assets at about $6 million and liabilities at $9 million. The furniture chain has reportedly been having financial problems for the last four years.
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