Berkline files for Chapter 11 bankruptcy protection

摘要

Berkline Benchcraft Holdings LLC, which recently announced the closing of its furniture production operation in Morristown, Tenn., filed for Chapter 11 bankruptcy protection, according to the Knoxville News.The company filed for voluntary Chapter 11 protection in a Delaware U.S. Bankruptcy Court, submitting a list of its 30 top creditors. No hearings have been set, according to the report. In a prepared statement at the time, the company said it had been pursuing a "going concern" asset sale, but was unable to find a buyer and secure needed financing on acceptable terms. In the FDM 300 the company had estimated sales of $200 million and 1,000 employees.