Chapter 7 Bankruptcy for Furniture Manufacturer
Home Line Inds., a 40-year-old Pennsylvania furniture manufacturer and importer, has been forced into involuntary Chapter 7 bankruptcy by three creditors: Global Link Logistics, Max Point Design and TLC Consultants for claims totaling $854,405. Galasso Trucking is also alleging in cross claims that Home Line stole contents of certain shipping containers that were in its possession.
According to the article on www.furnituretoday.com by Heath E. Combs, Home Line is allegedly not paying its debts; Global Link Logistics has a case seeking damages from Home Line alleging breach of contract, fraud and deceit. Officials with Home Line have said the claims, filed in U.S. District Court in Eastern Pennsylvania, are false.
Home Line has indicated in a recent internal memo that it is currently liquidating its inventory and planning to close. The memo said the four partners in the family business had decided the move was necessary.
For information on the mechanisms of filing Chapter 7 or Chapter 13 personal bankruptcy, log onto www.legalhelpers.com and call 800-260-1402 to arrange your initial free consultation with an experienced and knowledgeable bankruptcy attorney from Legal Helpers. Attorneys from Legal Helpers have helped over 56,000 consumers in the last three years discharge their debt.
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