What customers need to know about Loves Furnitureโs bankruptcy filing
WARREN, Mich. โ Customers of Loves Furniture, the company that took over many closed Art Van Furniture locations, are concerned after the company filed for bankruptcy. If youโre a customer who has paid and havenโt received furniture yet, you should call your bank or credit card company immediately. Loves Furniture put blame on the COVID pandemic and the slow down of shipments from overseas. While that may be true, the new revelations of major financial problems wonโt help the situation for many. READ: Customers of Loves Furniture report lengthy delivery delaysIn the bankruptcy filing, Loves revealed it has between 100-200 creditors and owes $10 million to $50 million.
Loves Furniture officially files for Chapter 11 bankruptcy
WARREN, Mich. โ Loves Furniture, the company that took over many closed Art Van Furniture locations, has filed for Chapter 11 bankruptcy. The Loves Furniture bankruptcy was filed in U.S. Bankruptcy Court on Wednesday. Art Van Furniture filed for Chapter 11 bankruptcy in March of last year. READ: Customers of Loves Furniture report lengthy delivery delaysBefore filing for bankruptcy, Loves Furniture had announced that some locations would be closing. Watch: Customers of Loves Furniture report lengthy delivery delays (Jan. 5, 2021)READ: 17 former Art Van stores in Michigan to reopen as Loves FurnitureHere are the 17 former Art Van Furniture stores in Michigan that were acquired by Loves Furniture in May, 2020: