Sofa Express files Ch. 11.
Furniture-Today, December, 2007
By Heath E. Combs and Clint Engel
Chain will close; Klaussner owed $18.1M
Groveport, Ohio- Top 100 store chain Sofa Express Inc. last week filed for Chapter 11 bankruptcy in the Middle District of Tennessee, where it is incorporated.
Manufacturer and importer Klaussner, which owns Sofa Express, is the largest unsecured creditor listed in the filing, owed $18.1 million. Spring Air is the second largest, owed $334,994.
Earlier, officials at the Groveport-based retailer and at Klaussner declined to comment on whether the chain would file for bankruptcy, even as it sent letters to local government officials and store managers saying it planned to close its stores, distribution centers and Ohio offices.
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